Technical analysis by KECapital about Symbol FIL: Buy recommendation (5/22/2025)

Filecoin(FIL) - is a decentralized storage system with the goal of "storing humanity's most important information." During its initial coin offering (ICO) in 2017, the project raised $205 million. The launch was initially planned for mid-2019, but the mainnet launch date was postponed until block 148,888, which occurred on October 15, 2020.📍 CoinMarketCap: #50 📍 Twitter(X): 667.3K🔍 What I observe:I’ve added the full trading history to the chart for better understanding (the chart on exchanges is cut off). The coin is liquid. I also added the prices for the public and private offerings.There’s a large horizontal channel, or more specifically, a channel within a channel, which has been active for about 1111 days.After another drop, a descending wedge formed, and now we are witnessing a breakout of its resistance (a retest is possible).These patterns are ones I regularly track and trade, based on personal experience accumulated over the years and my strategy.📊 I’ve plotted the nearest resistances and target prices with movement percentage calculations.💭 It’s quite possible that this formation in the lower part of the wedge, coinciding with the area of lows on the support of the outer channel, was used to gather liquidity and shake out weak hands.I also want to point out the large wicks in this zone - a characteristic pattern for accumulation points and subsequent reversals.______📌 Not financial advice. Observing structure and recurring phases.Operate within your strategy and with an awareness of risks.Here is a closer scale of the chart.