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DrDovetail

FILUSD working on a potential inverse head & shoulders breakout.

Filecoin (COINBASE:FILUSD)  
DrDovetail Updated   
COINBASE:FILUSD   Filecoin
Trend Analysis Chart Patterns FILUSD FIL filecoin Inverse Head and Shoulders 1daychart Daily Charts 1day
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trendanalysis chartpattern filusd fil filecoin inverseheadandshoulders 1daychart daily 1day
First candle above the neckline is rarely the candle that confirms the breakout, but if we can get the current candle to close above the neckline as well as 1-4 more candles the probability of a breakout increases quite a bit with each additional candle close. For now w are still working on even getting our first candle close above the neckline but it does look promising. *not financial advice*
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Holding the 50ma (in orange) as solidified support is essential to confirm the breakout as well. Price target is currently at $3.89
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Back below the neckline..this often happens and it isnt until the 2nd 3rd or sometimes even 4th penetration of the neckline that it triggers the breakout.
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Target hit!!
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With exact precision!
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