FET is preparing for a strong buying opportunity (1D)

Jun 29

FET appears to be forming either a Diametric or a Symmetrical pattern. If so, Wave G could complete within the green zone, which is where we'll be looking for buy/long opportunities.

If the pattern turns out to be Symmetrical, we expect a rejection from the red zone.

However, if it develops as a Diametric pattern, FET could remain bullish as long as it establishes acceptance above the red zone.

Let's see how the market unfolds.

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Do you also think FET is bullish?

Aug 4

Trade closed manually

Since the previous analysis, the price has dropped more than 31% and has now reached the highlighted support zone.

❌ However, considering the strength of the bearish move and the current market structure, we will not be opening any buy positions in this area.

We will share an updated analysis of FET in the next post 👇🏻

New update :