This time we took a position in FET/BTC!
Hello crypto traders,
We are back with an update on Fetchai! Our stoploss got hit on Saturday so we concluded that something was wrong with our idea. We decided to wait until we saw better opportunities. We really think that this is the moment of truth for Fetchai!
This crypto asset declined eventually in a nice ABC zigzag pattern. It's pretty common that a second wave/B-wave retraces 78.6%/85.4% from wave one/A-wave. So that's the case here.
Another good indicator is that we can see Bullish divergence which means that we will see a bounce in the near future (if it holds ofc).
Breaking below 0.00008288 BTC would be problematic for the long term because wave 2 can't retrace more than 100% of wave 1! So keep an eye on that!
ENTER: 0.00008899 FET/BTC
STOP: 0.00008288 FET/BTC
We are back with an update on Fetchai! Our stoploss got hit on Saturday so we concluded that something was wrong with our idea. We decided to wait until we saw better opportunities. We really think that this is the moment of truth for Fetchai!
This crypto asset declined eventually in a nice ABC zigzag pattern. It's pretty common that a second wave/B-wave retraces 78.6%/85.4% from wave one/A-wave. So that's the case here.
Another good indicator is that we can see Bullish divergence which means that we will see a bounce in the near future (if it holds ofc).
Breaking below 0.00008288 BTC would be problematic for the long term because wave 2 can't retrace more than 100% of wave 1! So keep an eye on that!
ENTER: 0.00008899 FET/BTC
STOP: 0.00008288 FET/BTC
Comment:
We have moved our stop towards 0.00008780