FCT: End of the downtrend?

Factom is showing signs of potential reversal. Now there are two setup in this trade. The first being an ABCD trade followed by a retracement back to the 61.8 fibs level. This will give us an inverted head and shoulder. If this happens, it will further establish a bullish view for factom in the coming days. What are your thoughts?

Trade with care.

Video Analysis: youtu.be/9z5WXyEwIyI