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ahmadsaad83
Apr 5, 2024 3:14 PM

FETUSDT long Spot Trade Long

Fetch.AI / TetherUSBinance

Description

FETUSDT Elliott Wave Technical Analysis
Mode: Impulse
Position: Wave (iv) of (3)
Direction: Wave (iv) of (3) is still in play
Details: Wave (iv) is still in play which I expected to be end around 2.3-2.4 which will be my entry point.
Next Direction: Wave (V) which will complete the next higher Degrees Wave (3)
Target : the area between 3.75-3.9 with about 60% profit, if break the next target is the area between 4.1-4.2 with 70% profit.
Wave Cancel invalid level: as I see FET follow BTC move, so for this one my invalid level is BTC Daily close below 58.5K

Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.

Comment

first entry point is reached and we wait for the second one

Trade active

next entry points

Comment

change your next entry point to 1.55 - 1.46
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