FIL broke out of it's daily time frame downward trend line, and then it touched back down to retest it (so it seems like). If it does not continue below $7.55, this may be the start of a reversal to the upside. So my previous prediction would be invalid.
Comment:
This FAILED going down to the $6.00 range.
Trade active:
The failure failed...LOL... The price did indeed hit $7.55...but went even lower to about $7.00...but that extra deep dip was from the CoinBase exchange glitch that spooked the markets. We are now hoovering above $8.00. Note that on 2/29 there was a deep flush out that brought the price down to $7.89. With the growing hype in the market, I think we will see another hight of $11, before another retracement.