In the current chart, $FIDA is indeed forming an Inverse Head and Shoulders pattern, which is usually considered a bullish signal and indicates a possible trend reversal upwards.

🔍 What does this mean for FIDA?

Left shoulder: formed at the end of 2023.

Head: marked by a deeper minimum at the beginning of 2024.

Right shoulder: currently forming, with the price showing an upward trend.

If the price breaks the neckline (the resistance level connecting the peaks between the shoulders and the head) upwards, it will confirm the pattern and may signal further growth.

📈 Current FIDA metrics:

Price: $0.1033

Change over 24 hours: +11.83%

24-hour range: $0.0924 – $0.1183

⚠️ Recommendations:

Confirmation: Wait for a confident break of the neckline with increased trading volumes.

Stop-loss: Consider setting below the right shoulder to manage risks.

Target: Usually measured as the distance from the head to the neckline, added to the breakout point.

However, remember that no pattern guarantees a result.