sergidown

FET reached critical down trend line

sergidown Updated   
BINANCE:FETUSDT   Fetch.AI / TetherUS
Price has reached a long term down trend line with barely non-stop price action in the last weeks. Price is not expected to break the trend line without previously revisiting the 0,2 - 0,165 USDT zone.

If it managed to break the trend line, expect a retest to 0,2 USDT and a further attack to the 0,49-0,62 USD area.
Comment:
FET Showing strength at the trendline, no pullback to the support yet.
Comment:
Price decided to skip testing the upper side of the trend line after breaking. I would now expect it to come down towards 0,2 to test the level.
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