FET/USDT bullish momentum? 👀 🚀 FET Today analysis💎 Paradisers, turn your focus to FETUSDT, which is currently navigating within a demand zone, showcasing a pronounced likelihood of a bullish trajectory..
💎 FetchAI has consistently moved within a descending channel. However, recent activity suggests a retest of its support zone, followed by a bullish inclination. As it surpasses the EMA 55, the probability of sustained upward momentum becomes more pronounced. Here are the potential scenarios to consider:
💎 If it approaches the .2119 threshold, there's a higher probability that it might aim for elevated levels. Interestingly, despite many novices potentially shorting this coin around this level, the odds lean towards a bullish outcome. Should it further ascend past the .2278 supply level, the probability of it nearing the resistance zone increases.
💎 On the flip side, if FET price descends below the .1991 support mark, the likelihood of a bearish downturn becomes more significant. As always, it's crucial to approach the market with a blend of strategic insight and caution.
FET
FET/USDT Break the Descending Channel, Upward Momentum ??? 💎 FET has undoubtedly garnered our attention. Recently, FET triumphed in breaching the Descending channel pattern. In the lower time frame (LTF), FET is in the midst of a retesting phase, poised for further ascension.
💎 Probability Its eyes are set on the Supply area, a critical juncture for affirming a bullish stance. A successful breakout here is crucial. However, failure to do so could see FET retreating to nearby support levels to gather fresh momentum.
💎 However, there's a risk. If FET's breakout proves to be a false dawn, it could spell trouble. A return to the demand zone without sufficient buying pressure, leading to a breach below, could initiate a worrying slide for FET, potentially extending down to the next substantial Key support zone.
You won't believe how much FET is falling!The FET symbol exploded by more than 900% in the previous months and then entered a correction.
Where I wrote "START" on the chart is where the FET symbol entered the corrective phase.
In the corrective phase The FET symbol, after completing a bearish wave (wave A), is now oscillating in a neutral range, appearing to be completing a large bearish triangle. After the completion of waves D and E, the FET symbol enters a large bearish wave C.
I marked the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
You won't believe how much FET is falling!The FET symbol exploded by more than 900% in the previous months and then entered a correction.
Where I wrote "START" on the chart is where the FET symbol entered the corrective phase.
In the corrective phase The FET symbol, after completing a bearish wave (wave A), is now oscillating in a neutral range, appearing to be completing a large bearish triangle. After the completion of waves D and E, the FET symbol enters a large bearish wave C.
I marked the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Fetch.ai (FET) Price Dips in September – October's Direction UncThe price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend.
The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop.
Approaching the Ascending Support Trendline
Since its rejection from the $0.27 resistance area on September 3rd, Fetch.ai (FET) has experienced a downward trajectory. However, it’s not all bad news.
FET's price has been following an ascending support trendline since June 2022. Recent validations of this trendline occurred on August 17th and 22nd. These instances were marked by long lower wicks, which indicates buying pressure.
The pace of increase accelerated after the last validation, propelling the FET price to $0.27 on September 3rd. However, it failed to breach this resistance level, which has persisted since May, resulting in the ongoing downward movement.
In order for FET to commence a new bull run, it will need to surpass the 100 Exponential Moving Average. The 100 EMA acts as a mobile support and resistance. Currently, the 100 EMA is above the price, therefore the indicator works as a resistance.
Williams %R is another indicator that we should look at. The Williams %R is a momentum oscillator that gauges the market. If the indicator is below -80, it means FET is oversold and expected to bounce back. If it is above -20, it is overbought and expected to fall back again. Currently Williams %R is approaching oversold levels, which coincides well with the ascending support trendline.
Looking Ahead: FET is approaching an ascending support line, and the Williams %R is approaching oversold levels, which make a rebound on the table. However, for a rebound to take place, the price needs to break above the 100 EMA first.
Long trade #11 for Fetch.ai FET price with short stop-orderYesterday, the FETUSDT price behaved relatively restrained amid a rather rapid drop in the BTCUSDT price.
Buyers managed to keep the FET price above the trend line, which has been in place for about a month.
So today we will try to take a long as close to the same trend line as possible with the shortest possible stop order:
Enter = 0.2206
Stop = 0.2169 (- 1.7%)
TP = 0.2590 (+ 17.6%)
P/L ratio = 10.5
We allocate $10,000 for this trade
In the event of a mistake, we will lose $170
If the trade will success, we will receive a profit of $1760
What do you think about this trade, and what is your vision? Write about it in the comments!
FET/USDT Potential Break the Falling wedge pattern ??💎 Hello Paradisers, take note of this token!
💎FET has impressively regained its previously breached demand zone. Currently, it's undergoing a retest of this demand.
💎aiming to ascend towards the resistance trendline of its falling wedge pattern, where a supply zone also lies. For a continued bullish trajectory, breaking this resistance is crucial.
💎The daily trading volume suggests a strong potential for this breakout, especially given the significant volume observed during its liquidity sweep, followed by a price surge.
💎As an AI token, and with AI gaining immense traction in 2023, FET presents a promising hold for both mid and long-term investors.
FET SHORT SETUPIt has started a good move after hitting Demand. In my opinion, this is a pullback for the formation of HL in this daily downtrend.
We have two good ranges for Sell/Short trades. The first range is FVG and the second range is OB. I don't expect the price to be able to close a candle above the OB range in the daily time frame.
I have also specified the invalidation level, which is the closing of a daily candle above this level.
I also marked the targets on the chart .When we reach the first target, save some profit and then change the stop to entry
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Whether the price can sustain above 0.1992 is the keyHello?
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(FETUSDT chart)
(1M chart)
Looking at the 1M chart, it's hard to see that the decline is over yet.
(1W chart)
However, since it is moving sideways around 150EMA on the 1W chart, there is only room for a turn to the upside.
So, the question is whether it can sustain the price by rising near 0.2897.
(1D chart)
Bollinger Bands are contracting.
Accordingly, it is expected that the Bollinger Bands will expand in the near future.
The HA-Low indicator formed at the 0.1992 point to create a support and resistance point.
Therefore, if the price is maintained above this point, it is expected to continue its upward trend.
However, since important indicators are passing around 0.2280, if the price fails to sustain the price by rising above 0.2650, it is expected to renew the latest prior low.
Therefore, when you touch the 0.1992 point and show support, you can decide whether to sell based on whether or not you break through the 0.2280-0.2650 section upward by aggressively buying.
Unlike IOTA, FET floats in midair.
That means there are a lot of people trying to keep the price down.
Even if the market cap is quite low, the meaning is the same.
If it fails to rise above 0.2650-0.2897, it should check for support around 0.1297.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Fetch.ai (FET)Fetch.ai is another AI crypto-based platform that provides access to AI technology. Anyway, it seems FET moving in an ascending channel, a wide one. Currently, FET's corrective wave reached a horizontal area on which the price bounced off several times; both as a support and resistance area. We have to wait and see if this horizontal area can act as a support again and then see if FET can break the minor downtrend line. Let's see what happens.
FET/USDT for Middle-Term GrowthFET/USDT, the trading pair representing Fetch.ai against Tether (USDT) on the Binance Spot exchange, has shown interesting potential for middle-term movement. As we examine the historical price data and market dynamics, several key points emerge:
1. Middle-Term Uptrend**: Over the past few months, FET/USDT has displayed a discernible uptrend, indicating growing interest from investors and traders. This bullish bias suggests that the market sentiment has been positive, with increasing demand for Fetch.ai, the native token of the decentralized artificial intelligence platform.
2. Strong Support Levels**: During this middle-term period, FET/USDT has formed robust support levels at various price points. These levels have proven significant as they attracted buying interest and prevented substantial price declines. Traders closely monitoring the market should pay attention to these support zones, as any breach could indicate a potential trend reversal.
3. Resistance Levels to Overcome**: Despite the uptrend, FET/USDT has encountered resistance at specific price levels. These resistance barriers have impeded further upward movement, leading to consolidations and corrections. As traders evaluate potential entry and exit points, these resistance levels are crucial indicators to consider.
4. Volatility and Trading Volume**: The middle-term analysis has observed intermittent spikes in volatility and trading volume for FET/USDT. Such periods of increased activity might be driven by news events, project developments, or broader market sentiment shifts. Traders should be cautious during these phases as market conditions may change rapidly.
5. Market Sentiment and Fundamental Analysis**: Middle-term movement in FET/USDT is likely influenced by both market sentiment and fundamental factors. Positive project developments, partnerships, and technological advancements could act as catalysts
FET Trading Plan, July 16th – 22nd, 2023• Since it broke out of the Descending Wedge, FET is ranging between 0.21 – 0.255 USD.
• Considering that the TOTAL3 chart indicates a bullish breakout, my bias remains bullish.
• On July 14th, FET hit the upper boundary of a 1H demand zone and bounced. Until a confirmed break out of the range high, a return to the range lows is still likely.
• I am posting two short-term trade ideas. However, my mid-term target for FET is 0.395 USD based on the breakout target from the Descending Wedge.
Trade Idea No. 1:
• Entry: 0.22 (4H demand zone)
• SL: 0.21
• Target: 0.254
• R: R: 1:3.4
Trade Idea No. 2:
• Entry: 0.2547 (range breakout after retesting as support)
• SL: 0.2415 (Range low).
• Target: 0.395
• R: R: 1:10.6