✴️ Filecoin | Full Analysis (Long-Term)

24 Haz 2023

I am doing the bigger Altcoins first to later proceed with the smaller ones.

These are all part of the Name Your Altcoin trade idea. Everything that I am publishing and will continue to publish was requested by you.

Filecoin.

This is a long-term chart, it starts in 2017.
Filecoin has been through one bullish wave or bull-market since it was made available for trading.

Hold on... This pattern here, looking closer, is calling for a bullish wave now:

We have higher lows and the lower trendline has been activated, the upper trendline is now the next target.

Going back to the bigger picture, the main chart above, FILUSD is back in a long-term consolidation phase. Soon it will enter a new bull market or long-term bullish wave.

Since the pair is trading within a long-term higher low, 2023-2022 higher than 2020-2018, we can expect a higher high on the next bull-market, which simply means a new All-Time High.

Next year we will be looking at the potential new ATH for all the Altcoins, it is just too early to go there... For now, we just focus on the accumulation phase.

Bottom line, this is another good pair.
The chart looks good and that's all we need to trade.

Namaste.