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FILUSDT

FILUSDT: Is This a Bull Trap or a Breakout?Yello Paradisers! Is FILUSDT gearing up for a bullish run, or is this just another fake-out? The recent breakout from a resistive trendline and the formation of a W-pattern are raising hopes of a potential bullish move. But, as always, the devil is in the details. 🧐 💎If FILUSDT breaks out and closes a candle above the resistance zone, it will confirm the W-pattern, significantly increasing the probability of a bullish rally. This would be the ideal entry point for those looking to ride the uptrend. 💎In case of a pullback, we can expect a bounce from the support zone. However, if the overall market shows heavy bearish momentum, it's wiser to ignore any long entries. Here, scalping opportunities might arise, but they should be approached cautiously. 💎For a stronger confirmation of bullish strength from the support zone, we need to see an I-CHoCH (Internal Change of Character) that indicates a shift toward a bullish market structure. Without this, any move upwards could be weak and short-lived. 💎Be vigilant! If FILUSDT breaks down and closes a candle below the support zone, it will invalidate the entire bullish idea. In such a case, the market could swiftly switch gears, turning this setup into a bearish trap. 🎖Staying disciplined and waiting for clear confirmations will be crucial here, Paradisers. Remember, it’s better to miss a trade than to be caught on the wrong side. Stay safe and patient—this market rewards the sharp and the strategic! 💎 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Is a Major Breakout in FILUSD Imminent?Yello, Paradisers! Have you been tracking FILUSD lately? If not, you're about to miss out on a potential major move! 📈 💎FILUSD has recently broken out of a resistive trendline and formed an inverse head and shoulders pattern. This pattern significantly increases the probability of a bullish move. 💎 For the inverse head and shoulders pattern to be validated, FILUSD must break above the resistance zone. This breakout will signal a strong bullish move. 💎 If there's a pullback, expect a bounce from the demand zone. However, confirmation requires an I-CHoCH (Internal Change of Character) towards a bullish market structure in lower timeframes. 💎 If the price breaks down and closes below the right shoulder and demand level, it will invalidate our pattern and bullish thesis. Trade Smart, Paradisers, and stay disciplined with your strategy. The next big move could be just around the corner. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
FIL is gearing up for a potential bullish breakout🚀💎 Paradisers, #FIL has formed a 'W' pattern on the bullish Order Block (OB) and has the potential to form a triple bottom on a pullback. 💎 If #FILUSDT breaks out from the 'W' pattern, then we can anticipate a bullish move up to the next resistance zone. Ensure you wait for a confirmed candle close. 💎 In the case of a pullback, we could see a potential triple bottom, but make sure to wait for confirmations before acting. 💎 However, if the price breaks down below the bullish OB without confirmation, it will invalidate the bullish outlook. In this scenario, it's best to wait for better price action to develop.
by MyCryptoParadise_Nathan
FIL: Bullish Breakout Alert! Watch for Confirmation 💎 FIL has broken out of a resistive trendline and shown a Change of Character (CHoCH) in the price. Additionally, it has formed an inverse head and shoulders pattern, which is a reversal pattern that increases the probability of bullish moves in the upcoming days. 💎If the price breaks out above the neckline or the resistance zone, we can expect a bullish move. However, if the price pulls back, it would be prudent to wait for it to come near the demand area, as this could provide a more discounted price for FIL. 💎On the other hand, if FILUSDT declines below the demand area without showing any bullish signs, it would be wise to ignore it until a clearer market direction emerges. Traders should exercise patience and wait for confirmation before entering any trades.
Long
by MyCryptoParadise_Nathan
Bitcoin Marke Update Today, Ethereum, Avax, Matic, Dot AnalysisBitcoin has been in a strong uptrend for the past few months, with the cryptocurrency reaching a local high above $25000. However, since then, the price has been consolidating within a range between $24500-25000 Currently, Bitcoin is showing signs of a potential bullish continuation, as the price has formed a bullish flag pattern, with a narrowing range and decreasing volume. Furthermore, the overall market sentiment towards cryptocurrencies has been positive, and institutional adoption has continued to grow. This could lead to increased demand for Bitcoin, especially as a hedge against inflation and uncertainty in traditional financial markets. However, it's important to keep an eye on potential resistance levels, such as the 25000-25500 levels, which could provide some challenges for further upward movement. Therefore, I believe that BTCUSDT presents a good opportunity for bullish continuation, with a potential price target of 28000 . However, as always, it's important to keep an eye on risk management and to adjust your position accordingly based on market conditions. Disclaimer: This is not financial advice, and I am not a financial advisor. Always do your own research and make your own investment decisions. Trading cryptocurrencies involves risk and may not be suitable for all investors.
by kanhaguptaa
2
💡Don't miss the great buy opportunity in FILUSDTTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (64.12). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . FILUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 66.85 TP2= @ 68.95 TP3= @ 71.35 TP4= @ 73.89 TP5= @ 77.03 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
6