Filecoin (FIL) is a decentralized system for data exchange and cloud storage.
FIL is the network's own cryptocurrency, acting as a payment instrument connecting buyers and sellers. The point of the Filecoin peer-to-peer network is the ability to distribute files on the Internet and receive rewards for providing free space on your hard drive. No one centrally controls the storage and pricing processes. Based on the metric, you can see that the volume of client data stored on the Filecoin network is confidently breaking records even during a bear market.
🛠️ What about technical analysis?
Globally, a Triple Bottom pattern has been formed on the coin with liquidity gathering under the strongest support level of $3. Also, the coin is trading above long-term moving averages on growing volumes and a bullish Golden Cross pattern has already been formed. Locally, the price has broken through the Bullish Flag pattern upward. Indicators on higher timeframes have cooled down a little, and on the daily basis they are completely unloaded. Now the price has broken through the important key level of $5 and now the coin is ready to begin full growth.
💼 Buying Filecoin for a medium-term portfolio.
🔎 Ticker: $FIL
🔰 Entrance price: $5.6
🛡️ Stop loss: I recommend taking a deal for investment without a stop.
💼 Volume per transaction: up to 3% of the crypto portfolio.
🎯 Goals: $10.2; $26; $215.
🚀 Rocket growth potential: up to 3700% by the end of 2025.
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
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