FILBTC (Filecoin) - Coin of the Week
Filecoin is a decentralized storage mechanism with the aim of storing "humanity's most valuable information." In 2017, the project raised $205 million from an initial coin offering (ICO), with a target launch date of mid-2019. The project was first defined in 2014 as an incentive layer for the peer-to-peer storage network Interplanetary File System (IPFS). Filecoin is an open protocol with a blockchain that tracks the network's members' commitments and transactions in FIL, the blockchain's native currency. Proof-of-replication and proof-of-spacetime are both used in the blockchain.
Technically, we are seeing a big consolidation for this pair in its way to new highs. The higher probability scenario is a short term down move to reach the support area and then continue the uptrend. The price might continue to go higher from here, although we consider this to be a lower probability scenario. If the price breaks the red trendline and consolidates above it, it will probably continue the uptrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, we are seeing a big consolidation for this pair in its way to new highs. The higher probability scenario is a short term down move to reach the support area and then continue the uptrend. The price might continue to go higher from here, although we consider this to be a lower probability scenario. If the price breaks the red trendline and consolidates above it, it will probably continue the uptrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.