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BSW01247

A Great Battle

Long
Fetch.AI / Bitcoin (BINANCE:FETBTC)  
BSW01247 Updated   
BINANCE:FETBTC   Fetch.AI / Bitcoin
Trend Analysis Technical Indicators
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trendanalysis indicator
A great battle has taken place over the fate of FET/BTC. The passing of the weekly EMA ribbon, for what would be the first time ever has been mightily challenged. However, were are approaching significant support and other factors portend to a dramatic price action to follow in the weeks to come.
Comment:
A key level of support which has proved the gateway for every proceeding run up...

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Comment:
Note the weekly Stoch RSI is reemerging in a bullish way...
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Comment:
Note the confluence of the weekly ichimoku around our key level of weekly support...
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Comment:
Note the reduction in weekly volume screaming that a large move is imminent...
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Comment:
Please, recall that the passing of the weekly EMA ribbon for FET/USDT resulted in, roughly, an 825% move up over 56 days...
s3.tradingview.com/s...shots/4/49gEmrJv.png
Comment:
So, is it possible that this will turn out to be a higher low in the next wave up?
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