🌟🎯 "FET Coin Analysis: Best Artificial Intelligence Coin"🤖📈
🕵️♂️ Let's dive into analyzing and examining this popular cryptocurrency coin, which might give us another entry point for buying.
🌟 In the weekly timeframe, we're currently at the All Time High of this coin, witnessing another significant growth after breaking the last resistance at 0.7659.
⏳ In the daily timeframe, we've formed a new resistance after the upward wave at the point 3.3755, and then corrected towards the newly formed support at 1.9326, which is also the 0.382 Fibonacci level of the previous wave.
📊 Based on experience, if we have a corrective wave to the 0.382 level and find support there, it's likely that we'll have a stronger wave in the future, and we confirm this when the main ceiling, namely 3.3755, is broken.
🔐 Nevertheless, we can draw a Fibonacci extension and find potential future targets, roughly 4.8, 6.15, 8.43, 12.6 currently, which we can reach upon breaking the main ceiling.
🔄 For long positions in lower timeframes, we can open a long position after short-term resistance and the 4-hour 2.5413 point in the direction of our uptrend.
📉 For short positions, we're currently away from the main entry point, and after breaking the 1.9326 support, we can open our short position. However, we'll have better coins for short positions that don't have this amount of uptrend, which you can find in this channel.
💪 Additionally, based on experience, these types of coins usually have less significant drops when market news causes high percentage drops. Even if they drop, they tend to recover faster.
🔑 In these days of the crypto market where halving has also occurred, most coins follow Bitcoin's lead due to its high dominance. So, if we can break the $72,000 resistance of Bitcoin, the FET coin, which is also bullish compared to Bitcoin, can continue its uptrend and bring good profits.
🛒 Also, I recommend taking a look at this coin's project, which is doing very well in the field of artificial intelligence. If we break $3.37 with a stop loss at $1.93, it can be a good entry point for buying this coin for the spot and mid-term portfolio.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
🌟 In the weekly timeframe, we're currently at the All Time High of this coin, witnessing another significant growth after breaking the last resistance at 0.7659.
⏳ In the daily timeframe, we've formed a new resistance after the upward wave at the point 3.3755, and then corrected towards the newly formed support at 1.9326, which is also the 0.382 Fibonacci level of the previous wave.
📊 Based on experience, if we have a corrective wave to the 0.382 level and find support there, it's likely that we'll have a stronger wave in the future, and we confirm this when the main ceiling, namely 3.3755, is broken.
🔐 Nevertheless, we can draw a Fibonacci extension and find potential future targets, roughly 4.8, 6.15, 8.43, 12.6 currently, which we can reach upon breaking the main ceiling.
🔄 For long positions in lower timeframes, we can open a long position after short-term resistance and the 4-hour 2.5413 point in the direction of our uptrend.
📉 For short positions, we're currently away from the main entry point, and after breaking the 1.9326 support, we can open our short position. However, we'll have better coins for short positions that don't have this amount of uptrend, which you can find in this channel.
💪 Additionally, based on experience, these types of coins usually have less significant drops when market news causes high percentage drops. Even if they drop, they tend to recover faster.
🔑 In these days of the crypto market where halving has also occurred, most coins follow Bitcoin's lead due to its high dominance. So, if we can break the $72,000 resistance of Bitcoin, the FET coin, which is also bullish compared to Bitcoin, can continue its uptrend and bring good profits.
🛒 Also, I recommend taking a look at this coin's project, which is doing very well in the field of artificial intelligence. If we break $3.37 with a stop loss at $1.93, it can be a good entry point for buying this coin for the spot and mid-term portfolio.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.