FIL / TetherUS
Short

FIL downtrend will continue

263
This pattern, the old classic descending triangle, is quite bearish, considering the last leg up did not touch the upper resistance. If you short, you can open a short position at 19-19.1. You can set TP at 17.15 -> 16.21 if you short.

This is just a (really) quick price action analysis, but since FIL has been in a downtrend even after decreasing to 21, there is virtually no chance for this descending triangle to be bullish.

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