This chart represents the price action of FIL/USDT (Filecoin vs Tether) on a daily timeframe, with technical analysis applied. Here are the main insights:

1. Ascending Triangle Breakout Setup:

The chart shows a bullish pattern forming — an ascending triangle — with a horizontal resistance and a rising support line.

A breakout above the triangle resistance is anticipated, with the price currently testing that level around $3.10.

2. Sell-Side Liquidity (SSL):

Labeled near the $2.10 level, indicating a previous low or liquidity pool where stop losses may have been collected before the price reversed upward.

3. Target Zone:

The shaded red zone around $4.80–$5.00 represents a target or supply zone. This is likely a strong resistance area where price previously reversed.

4. Projected Price Path:

The black zigzag line shows a potential price path, suggesting a breakout, slight pullback, and continuation upward toward the $5.00 zone.#ETHMarketWatch $FIL #Fill/USDT