Hello there ladies and gentlemen, BulloTaurus here with a quick analysis for today .
Filecoin is a peer-to-peer network that stores files on the internet, with built-in economic incentives to ensure files are stored reliably over time.
I remember how hyped was Filecoin when it launched, a lot of profits were made when it found its top and it was in a downtrend...
EMA and price action is coiling in a triangle with a base being built on the 55 ema . As it's reaching near the apex, time will tell. whether it breaks up or down. Perhaps the support from coin base pro may finally give this thing some legs.
💎Technical Analysis Summary💎
BINANCE: FILBTC
-After the strong rally last October 26
-The price has decided to cool down
-After breaking its key support around 24000s sat
-This breakdown is likely forming a small Bear flag
-Which is technically not good in the short term price action
-If the Bears can send more follow-through in the coming few hours
-The...
Filecoin is a project to create a decentralized storage platform with embedded cryptocurrency (Filecoin, FIL).
Since 2014, it is implemented by the California blockchain startup Protocol Labs, a developer of IPFS systems. The idea of the project is to give one computer user the opportunity to earn FIL for using the surplus capacity of their hard drives for...
💎Technical Analysis Summary💎
BINANCE: FILBTC
-FIL broke its key level of support around 34000s sat
-This is a clear Bearish downtrend confirmation
-If FIL unable to get above the key support level again
-The downside potential targets are 28000-24000s sat area
-Using reverse Fib extension, we will have a support guide below
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Fil Now Trade in Potential Support . Good time to buy
Target 10-20% ( Short - Term ) 30-50% ( Mid - Term ). 100-200% ( Long - Term ) .
This is a good project !
