As a result of the dramatic Head and Shoulders Breakdown, this potential "Future" Technical Analysis presented itself to me.
I would surmise that Filecoin will retrace in the coming months to around Price Targets: $8.5(Minimum) - 10.75(Maximum) , before correcting back down to the Main Trendline around Price Target: $5.75 - $6 , whereupon if positioning holds would rally throughout the EoY to Price Target: $17 .
This would complete the Full Bearish Harmonic and would also be testing (from the underside) The Extended Neckline from the recent and dramatic Head and Shoulders Breakdown.
I personally am planning on following trade in this patterning // and essentially placing a Larger Short upon completion of the patterning at .
This is purely speculative.
This is not financial advice.
Good Luck and Happy Trading,
Mr. Storm
I would surmise that Filecoin will retrace in the coming months to around Price Targets: $8.5(Minimum) - 10.75(Maximum) , before correcting back down to the Main Trendline around Price Target: $5.75 - $6 , whereupon if positioning holds would rally throughout the EoY to Price Target: $17 .
This would complete the Full Bearish Harmonic and would also be testing (from the underside) The Extended Neckline from the recent and dramatic Head and Shoulders Breakdown.
I personally am planning on following trade in this patterning // and essentially placing a Larger Short upon completion of the patterning at .
This is purely speculative.
This is not financial advice.
Good Luck and Happy Trading,
Mr. Storm