Filecoin FIL Coin Cryptocurrency Price News Today – Technical Analysis and Price Prediction 2023!

Trade on Bybit:
Receive an up to $30,000 bonus (see terms on Bybit)
https://partner.bybit.com/b/MCO

Filecoin FIL Coin Cryptocurrency Price News Today – Technical Analysis and Price Prediction 2023!

—————————————————————————————–
🧿 Links:

Bitget:
Sign up for Bitget via my link: https://partner.bitget.com/bg/MoreCryptoOnline
to get a $15 bonus(For the first 100, first come first served) and to get free access to my foundations trading course (reach out to info@morecryptoonline.com when done). To get free access to the trading course you need to deposit $500 to Bitget and make a trade.

Trade on Bybit:
Receive an up to $30,000 bonus (see terms on Bybit)
https://partner.bybit.com/b/MCO

Technical Analysis with TradingView:
https://bit.ly/Crypto_Tradingview

Set up trading bots with 3commas.io:
https://3commas.io/?c=tc1323713

Trade on Coinbase:
Receive $10 in BTC (see terms on website):
https://bit.ly/MCOinbase

Trade on Binance:
Receive a 15% fee discount (lifetime) when using this link.
https://accounts.binance.com/en/register?ref=XNWEZH08

Trade on Kucoin:
Receive a 20% fee discount:
https://www.kucoin.com/r/af/QBSSSL4T

Trade with eToro:
https://etoro.tw/3oFUKCk

Trade with Trading212:
Receive shares worth up to $100:
https://bit.ly/Trading212MCO

Protect your cryptocurrencies with Trezor:
https://bit.ly/morecryptoonline

Protect your cryptocurrencies with Ledger:
https://shop.ledger.com/?r=0fb3c8be2e46

Stay safe with NordVPN:
https://go.nordvpn.net/SH4s0

—————————————————————————————–
🧿 MCO World:

You can find the Technical analysis channel here:
https://www.youtube.com/channel/UCsl6Z6p7GOkczo8Cv-GH6Dg

You can find our German crypto Youtube channel here:
https://www.youtube.com/channel/UCRRrpK63KNPZMTLbv61UKRw

Please check out the More Crypto Online website:
https://www.morecryptoonline.com/

Official Social Media Links:
Instagram: https://www.instagram.com/morecryptoonline_official/
Twitter: https://twitter.com/Morecryptoonl
LinkedIn: https://www.linkedin.com/company/more-crypto-online/

—————————————————————————————–
🧿 Join the private MoreCryptoOnline membership group:
https://www.morecryptoonline.com/plans-pricing OR
https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR
https://www.patreon.com/morecryptoonline

🧿 Join the private MoreCryptoOnline foundational video training course:
https://www.morecryptoonline.com/technical-analysis
—————————————————————————————–
⚠️ Very important: ⚠️
– please do not reply to anyone with the MCO logo in the YouTube comments who sends you a Whatsapp number. This is scam!
– please do not join any other MCO Telegram channel than the ones you received the links for. These are all scam!
– You find the official Social Media links down below in the description section.
—————————————————————————————–

☕️ Caffeine:
For additional support you can now buy me a coffee ;-):
https://www.buymeacoffee.com/morecrypto
—————————————————————————————–

Financial Disclaimer:
We are no financial advisors. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Ideas presented in this video are my opinions at the date of recording and may have changed after recording.

Hello and welcome to another update video about filecoin um a lot of you asked me for a filecoin update so I want to share with you my latest um perspective hasn’t changed in months so actually maybe not in in in a year I don’t know when I made

The last video I haven’t rewatched it but I know that um a couple of months ago I posted one of the updates on Telegram and Discord for our Gold members and I already shared this wave count so the Assumption the structure hasn’t changed at all the idea was that

In any wave two corrective rally after we have a five wve move down which is a trending move which makes the move up currently just a counter Trend move which isn’t very bullish right um that this could EAS easily reach the area between $23 54 to

$804 so that’s sort of the um the resistance range and it looks like it wants to get there I mean um you know we we’ll see how far it gets but it looks like it’s not done yet we’re going to zoom in and take a look at at it as well

I just use here the larger time frame chart just to show you the overall bigger picture the problem is that initially we’ve got this kind of ABC structure to the upside what is what is not so great is that we have this five wve move to the downside I mean that

Doesn’t really help the chart and bear in mind I mean filecoin is one of the charts that literally I mean it’s one of the coins that retraced most you know basically nearly 100% so it basically it basically dropped like nearly 100% of the entire uh well since it it Formed an

All-time high right like nearly 100% so I mean you know um yeah you know it’s just the sentiment that affects the sentiment now okay you that doesn’t mean it is dead no I mean they can always restart it’s just what is probabilities right do the probabilities suggest that this coin

Will go to alltime highs well honestly um I’m highly skeptical about that okay I wouldn’t I wouldn’t I wouldn’t assume it okay we it’s worth keeping an open mind always in crypto but therefore we are tracking the resistance level so first of all we need to get there anyway

And then we can talk I mean if we get towards the $88 level which is all covered by the current scenario I mean even that and I’m not telling you we will go all the way to 88 but I mean even that’s a 10x to get up there right um

So that’s sort of something to to watch but we don’t we don’t necessarily need to get it the price there is just in a corrective rally in a wave two the price would typically Reach This range it is worth to add the 38.2 retracement level

As a first first level to watch this is at $13.63 so just wanted to start with a bigger picture so we have a corrective rally into the 2021 highs we have five waves down into the December 22 lows and then the market started to form a corrective pattern a corrective rally to

The upside basically yeah started with that um yeah and it’s taken while for it to start moving but now we will it likely form the a wve it likely form the B wve and we might now be in the c-wave uh is there a more bullish scenario I mean

Yeah I mean if it forms like 1 2 3 4 five and ideally we break above resistance then we can call that a wave 1 right and then we talk about the wave two pullback um but I don’t you know for me it doesn’t matter if I label

Something in ABC structure to the upside or 1 2 3 4 5 because first of all we need to see if it fills in the c-wave anyway and the probabilities are questionable for a more bullish interpretation due to the five wave move down and the fact that it literally lost 99% in

Value um what I would change though from my last update is the idea that um the chart formed a b-wave triangle I don’t think this is what played out I think the B wve low needs to sit here okay and then we first of all first of

All need to get the three waves properly completed before we can talk about five waves so how would that look like so this looks clearly like a one two down here that would be the wave 1 and the wave two in wave C so then we’re likely

Dealing now with the third wave which is still unfolding then we need to get a four and a five and that would form the ABC structure so if after the wave C the price is um forming another higher low and another higher high yeah I mean

Then we have a more bullish scenario let me first because then it shows us okay the market you know filecoin you know wants it wants to get to alltime Highs but we can really only say that once the market has shown us five waves at the moment

The projection is here for higher prices to form five waves in the c-wave and it would probably be again another beautiful diagonal pattern right um but the third wave is likely not finished so what are the targets for wave three so there are different ways of calculating

Targets we can take the length of wave 1 we go to the low of the wave two and then we have typically a range of levels to watch um we are dealing with typically it starts at the 1.38 we might have reached it already 1.5 1. 618

200% extension are sort of the common levels for a third wave okay so I I can take out the 1.38 okay and I can take out the 1.5 because we’ve reached them already um the next ones are the 1.618 extension and the 200% and actually it makes sense to add

The 1.7 86 it’s sort of in between these are the next levels to watch okay four wave three so and then we should still get a 4 five afterwards at the moment there is no indication wave three is topped and bear in mind we actually already in an

Area where targets have been reached for wave three just it it seems at the moment it wants to get to the next one um so yeah all the I think the resistance areas as well as targets for wave three are clear doesn’t mean it couldn’t extend higher it certainly can

Uh we first need at some point a pullback in wave four uh or to start some kind of a pullback to suggest wave four is started support for wave 4 at the moment micro support I I wouldn’t really want it to go below $4.75 so ideally the $4.75 level is

Holding um that’s micro support $4.75 to $611 bear in mind this level has to be moved together with the price as the price climbs higher also the micro support level needs to climb higher I’ll make that box a little smaller don’t W have it so huge on the

Chart okay and that should give you all the levels right um that that you need to know what we can also do is we can take in addition to that see if we get any Confluence um take the length of the a wve then we go to the low of the B wve

And what is the wider Target area here I mean typically the 100% extension level to the 1.618 these are additional levels where the price can react this is basically just the larger degree so where we say okay what is co you know what we just did was Target just for the third wave

Then we get a four and a five in addition to that what is generally the target for the c-wave just by taking the length of the a-wave and it starts at $10.79 uh 77 um but it seems likely we’ll go a little higher due to the subdivisions here so yeah maybe $14.96 $18

27 you know we’ll add that later for now let’s focus on the third wave and then see if we hold a wave four pullback but yeah I mean the overall long-term Outlook is Highly Questionable and speculative due to um due to due to well the five wave moved down okay so again

That is the broader resistance area what can always happen if this ABC finishes that can always be just a larger a wve and then we come down in B and move up in C later okay so that could all be covered by The Wave 2 so

We’ll we’ll have to take it level by level with a chart like that but lot of you asked for an update and I think it gives you all the levels you need to know right now hope you like the update if you did please hit the like button

Leave a comment and subscribe and if you really like the content then please check out the channel membership also make sure that you follow us on Instagram and Twitter for additional content thanks a lot for watching [Applause] bye-bye