$FET after 2 months of consolidation, a retest of ATH+?
$FET looks like it wants it's next leg up. After consolidating for 2 months from it's run to ATHs in early September, it looks to me like it just broke above it's bearish/consolidation level and wants to move higher.
A break and close above the 50% retracement level at $.88 would be the signal that the next leg up is likely. From there, if it can break through it's ATH at $1.18, the higher targets are in order.
A break and close above the 50% retracement level at $.88 would be the signal that the next leg up is likely. From there, if it can break through it's ATH at $1.18, the higher targets are in order.
Comment:
Got the initial move up, but can't deny that BTC looks heavy here. If we can't get a close over $.88, then I lean towards the possibility of a failed breakout. If this were to play out, then I lean towards support being in the $.57-.58 range before moving higher.
Comment:
Wants higher.
Comment:
Entry at $.88, $.91