alanmasters

Fetch.AI (FET) Looking At A Different Type Of Setup

BINANCE:FETBTC   Fetch.AI / Bitcoin
Ok, we looked at MTHBTC and the higher low chart setup... It ends up with prices moving higher but this one is different... Let's have a look.

For FETBTC we have a falling wedge but there is no low followed by a higher low...

Instead, we see prices first printing a strong decline, and little by little they start to curve.

When we look at the end of the falling wedge , 5th November, same date, prices completely stop the drop...

Now it starts to go sideways; consolidation...

What's comes next? ...

The prices jump.

Let's continue with the signals...

As prices go flat we see a break first of EMA10.
We also get increasing volume and the RSI moves ahead.

Slowly but surely as time goes on, FETBTC will go bullish and grow.

This is me just reading the chart...
Trading would be a completely different game and here is how it goes.

The last low is your stop-loss and the resistance levels above it can be your targets to collect profits... That's all.

Can you see how simple this is?

Yes o no?

Share your thoughts in the comments section below.

Namaste.
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades | Discount 🔥90END
https://alanmasterstrades.com

➡️ Alts, Chars & FREE trades +Telegram
https://t.me/AMTrades

📊Join Me on Binance!
https://bit.ly/39Eu3qN

💬 CHAT http://alanmasters.chat

Comments

Thank you, Master!

I really enjoyed it. 🙏🌀👏
+3 Reply
Simplicity is key. Love the chart @alanmasters
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out