without_worries

Fetch.ai (FET) to print 70% correction

Short
BINANCE:FETUSDT   Fetch.AI / TetherUS
Since August of last year price action has risen to provide a 1700% return as forecast (long idea below). A number of reasons now exist to appreciate long risk far outweighs reward.

On the above 8 day chart:

1) Price action has arrived at legacy resistance in the uptrend channel. Look left. This is also true for the FET.btc pair (below)

2) As with previous corrections price action prints a bearish engulfing candle following a strong up trend.

3) Everyone on tradingview.com is bullish, remember 90% of market participants lose money.
www.tradingview.../FETUSDT/ideas/?sort=recen...

Is it possible price action continues in uptrend? Sure.
Is it probable? No.

Ww



FET Long idea, August 2023

FET.btc 8 day pair
Trade active:
Resistance confirmed.
Comment:
Under a dollar will come, both USD and FET.btc pairs now print high probability sell signals on the 3 day charts. Look left!

3 day USD pair

3 day FET.btc pair

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.