Long Term Fet prediction! Weekly chart (Hopeum Edition)

Please feel free to zoom in and out of the chart for better clarity. For quite some time I was stuck in 4 hourly daily charts. Given the current situation ,I personally avoided checking larger weekly time frames for quite some time until now. I am not saying we are out of the bag yet!!. It still feels like this bottomless well is sucking us in. Then I said to myself wait, this is how we are supposed to feel just before the tide changes direction.

I felt the same when btc hit around $4000 last time. When zoomed out of the weekly chart, I noticed that only 2 buy signals generated(many common buy indicators are lighting up at the same time)

First time this happened was back on march 9 2020 ish from that point price went up to ~1.2$ (roughly 11000% growth) I took these numbers as a reference point and also assumed supply increased by 6 folds over the last couple years. I estimated that during the next bull run $fet could possibly grow roughly 2000% percent .

Comment:

I have a feeling that something is about to happen on a shorter time frames.$0.0627 currently.

Comment:

Good action happening .But it not a strong rally yet. We will know soon enough!

Comment:

fet reached the first target. of $1.0 -1.1. Now $1 should act like support and eventually claimed. Pushing this any further usually ends up in failure unless Btc helps out a bit. Main thing is Correct slightly at this level and wait till Bollinger bands narrows down a bit.

Comment:

alright $0.15 . expecting $1.8-$2.1 max target for this run and expect to correct for a while right after.

Comment:

0.1950 range has been reached as expected. We could go up a bit more but we need to correct now! Otherwise it will dump really hard.

Comment:

Unfortunately , we push this too hard to 0.26level. Near 5x from the bottom in very short time.Reminding you that market conditions did not change yet! They will bring up FTX news many many times for market manipulation. Lets hope that we don't crash badly! I am no longer in any positions till we correct.

Comment:

The problem with going 10x at once , buyers near the local tops gets beaten senselessly. Sometimes they can lose more than 50% of everything they got in short couple days.Can you actually imagine if btc were to go sub 20k , Fet would have gone below 0.2 in no time. We need to grow then correct a bit then grow again .This would allow easier and less risky option for newcomers.Then more people joins the better it is and growth is healthy. We went from 60 million market cap to 600 million in a month. When I plotted this chart, I thought this timeline is a bit short but it was possible. But now I can't buy the coin that i love because of my previous knowledge and experience.If I can't buy it, others with my experience and wealth can't buy it either. This money suppose to enter Fet, end up going into 22.000 other possible altcoins that allows safer entry. Let's hope that this won't turn into real bloodbath. I am not saying this idea won't happen but we did it all wrong right at the start.

Comment:

we all see the consequences going 12x at one go! I tried to warn you! Hopefully next run we will do this rally much better way. Looks like we still need to correct further for rally setup! Currently 0.23 levels!

Comment:

Still no support. We may have to explore 0.15 maybe even below that depending on BTC at the moment. But probably at near the end of summer , we may see some ballistic move again. Lets see how it plays out. 0.1 must be protected for solid rally. Otherwise we are all over the place.

Comment:

alt coin market still working on overall correction. Fet briefly quickly touchdown to 0.16 levels then quickly recovered some off the losses. Currently hovering around 0.185 levels.Looks like it is bound to test 0.15 levels otherwise there is no buying confidence in at this levels. I am still expecting a big rally starting from october or November but there is more pain before then!

Comment:

So far so good. Chart doesn't look ready for massive rally but perhaps things could change in time. Btc needs to go above 27k levels then we going to need to look at some indicators like daily volume. Still proceed with caution!

Comment:

If you look at my comment on aug 18.I already told you about this rally could start on october or November. Hopefully this time we correct time to time as we rally. Only way to reach ultimate $1 target!

Comment:

So we are back to $0.38-0.40 levels in a hurry! We need to correct as we go otherwise traders will quit their positions and take major profits. As I said last time on Feb going up without correction will have consequences. We need to pull back towards $0.32-0.33 levels and establish new support line .Then we could continue towards $0.5! If newly established support fails then we are not ready yet!

Comment:

We reach $0.55+ area as I predicted no problem till now! We have to correct here and go sideways for a bit otherwise you will give whales an opportunity to dump on you once more. We need to pull back towards 0.4-0.45 zone and actually close one weekly candle there. Without correcting now and then we can never reach out ultimate target! Keep in mind and be smart about it!

Comment:

Next bull run we should get close to ultimate target! Already up10x since posting this!

Comment:

I feel quite proud with this idea. One of the best long term prediction. I literally called the end of bear market with confidence while everybody else was talking about horror stories! This idea is not is not quite completed yet but we are almost there. Already touched $1usd! 15x already from the time I wrote this idea. Next time I write here it will be target completed message. If you took my advice on this coin. you already made it!
Ps**(Take a look at my new idea $AI. This coin can repeat FET success)

Trade closed: target reached:

Safe to say we have reached our 2000%+ target. We are at $1.65 so needless to say we going to correct at some point. And it will be quite deep correction. So I suggest taking large profits here. We may go up a bit more but too dangerous to enter a new trade here at this point!