Here we see our weekly FET BTC chart from Kucoin . You'll notice that black arrow on my chart ? Pointing up towards the blue and yellow lines ? Those blue and yellow lines are an Indicator called the VPVR . And it's showing an area of confluence around that red line which is 5805 sats . That's almost twelve times up from where we are now near 500 sats ! It is not guaranteed, but 5805 on our VPVR indicator could definitely be a target for FET longer term .I don't expect this to happen tomorrow obviously but FET looks quite good for the whole year and there will be targets above 5805 also . But that could come later. You'll notice our .706 fib is also right above this area at 5967 . So this area appears to be a target area for FET and is definitely an area to watch . Keep in mind that there can be up and down along the way .
@lbjerga6151984, Ichimoku cloud , 50 MA and 200 MA , fibs , VPVR indicator ( that's where the red line comes from .)
abel11
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Amazing bias, do you think the price will reach your target?
shimmeringpath
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@abel11, absolutely , many are expecting much higher than that , even 7000 or 8000 or 10000 sats , but it remains to be seen just how high we go. FET has a Mainnet in March .