Lets get strait into this analysis.The price of fet has declined by 97% since its all time high, when it hit its lowest point recently. There is some huge divergence between the last 2 major swing lows. (The price oscillations are disagreeing with actual price movements). There is strong buying pressure evident by the recent violent surges in price that came before the most recent price free fall. The big buyers are still in this market, and they will take this cheap price. If we take a fib tool from the last swing high, a push in price to the .618 resistance level at 2844 is a definite possibility. Also my analysis of bitcoin is that it will drop hard, before continuing a massive historic bull run, this will coincidentally give fet the backing it needs to surge in price. I expect a 400%+ increase in the coming months. As indicated in the chart, the price could move rather quickly and explosively(resistances and buying pressure indicate this) or it could take a slow steady climb that may take a couple months. Either way buying now will likely generate big returns. Buying pressure(indicated by recent surges in price, following by a strong panic sell off), never fails to deliver.
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