Filecoin (FIL) technical analysis

Price has been moving down in a downtrend triangle. We need to see the upper line of the triangle break in order for the uptrend wave to signal the start. If the uptrend wave starts, there are two immediate resistance lines on its way up; the horizontal and uptrend line.

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Could Filecoin be making a Head and Shoulders pattern? Let's see what happens.

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So, Filecoin went up and now trying to break the Head and Shoulder's neckline. If successful, reversal confirmed. Let's see what happens.

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So, last time Filecoin couldn't break the Head and Shoulder's neckline, retraced, and now trying again. Let's see what happens this time.

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So, Filecoin broke the Head and Shoulder's neckline, made a small pullback and is going up toward the first horizontal resistance area. Let's see what happens.