FILUSD Buy/Sell | S6T2 - Team Trading Post for Team Frontline

omsingh11 (64)in SteemitCryptoAcademy • 3 years ago

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1.) Name and introduction of the project token.

FileCoin is the Decentralized Cloud Storage Network that focuses on providing reliable, decentralized, secure cloud storage. FIL coins come under the top 10 Web 3.0 projects which are going to be the next trend in the future possibly so if we ask what is the future of Cloud storage then Decentralized Cloud Storage Network going to be the next big thing in the market. It will not only increase the adoption of Blockchain but also make sure whatever data stored over the blockchain or FIL network has a trust and there is no central authority who is owning your data.

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In this space there are a few big players like Google, Microsoft, Alibaba, Amazon is dominating the market, in this Era Fil connects world with new storage and the global economy. What makes FIL different from Centralized Cloud Storage companies is its diversity on the Fil Network if you want to store the data then you will have multiple options from the Storage Providers and you can choose what is bests for you as per the trust & Prices. Also, fil provided very easy access to your data and also take care of your privacy with the power of Blockchain. There are some other projects that are also working in the market like- SIA coin, Bluzelle, Storj, etc however I believe FIL has a great potential to the moon in the trend.

2.) Why are you optimistic about this Token today, and how long do you think it can rise?

FIL is one of the Top Web 3.0 Projects which hasn't performed as expected in previous months and it is continuous falling as we can along with BTC but as I have gone through their Twitter the development team started coming up with a lot of updates which will definitely gonna push the FIL price to higher. Technically FIL is looking so interesting to buy and can hold for a bigger profit. Today is the Hardfork and network update for FIL and most of the big exchanges are supporting it.

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There are more updates and news are lined up in the future that makes me optimistic about FIL. As it is one of the top web 3.0 projects then in the case of Trend line Metaverse this can perform like Mana. FIL coin is listed on all the major exchanges like Binance, FTX, Bybit, Kucoin etc.

3.) Technical Analysis

I would like to do the Multi timeframe analysis.
FIL/USD, 1W
We can see FIL is trading at its very crucial Demand zone and also its Initial trading level. The upside bounce from here is very much possible.
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FIL/USD, 1D
On the Daily timeframe, we can see it made Double Bottom Pattern and also about to break the TrendLine. It can be a great buy with a Good Risk reward.

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FIL/USD, 1 hr-
On the hourly timeframe, we can clearly see it made Double Bottom and broke the Trend which is a clear bullish sign. Currently, it is retesting the Trend which will act as a support now and this is the best buying opportunity.

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Entry Price: $20.47
Stoploss: $9.47(Daily close below)
Target: $39.40

4.) Your plan to hold it for a long time or when to sell?

I would like to HOLD FIL for at least a 1:2 Risk reward and if BTC will be stable or move up slowly then FIL can give a very good profit. The all-time high of FIL is above 200 USD and currently is available at around 90% DIP which is a great buying opportunity. Fil comes under top 50 projects as per the Marketcap and whenever btc will enter in the next Bull Cycle Strong projects like FIL coin will pump hard.

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5.) Do you recommend everyone to buy and the reasons for recommending/not recommending

Yes, I would definitely recommend everyone to buy this coin. The reason is very simple FIL is one of the Top Web 3.0 Projects which has Real-Life applications and also will bring Mass adoption of Blockchain technology, especially in the Era of Cloud storage. As per the experts, the next Trend is going to be Web 3.0 and if it happens then fill will be in the top coins to pump hard.

It has an active development team and the ranked 37th on CoinMarketCap along with that it is listed on all the major exchanges. Fil can be a very good SIP coin as well where you can accumulate this coin in each dip for the long term and book your profit above 100 USD.

6.) Anything else you want to share about the token/project.

The project is solid as per the Fundamentals and also Technically. The development team is active as we can see on Twitter and in the previous bull cycle FIL did not perform as expected so in the next Bull cycle we can easily expect a very good move from FIL. The application of FIl is really good to have a decentralized storage ecosystem that will be competitive and secure.

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