Another potential breakout trade in the making.
Bit more difficult with the wicks on the top and hence more risk the the CELR setup.
However having said that, FET did well on the macro level.
Something to think about.
💎Technical Analysis Summary💎
-After the recent small run-up, Fetch.AI is back at previous key support
-The big question we have is, will this support hold again?
-Tough to answer this one right now so we need to be careful
-My advice is to wait for a few days until it forms a base of support
-And zome in on 4H timeframe to look for early buy...
Both EngineeringRobo and I are bearish about FET at the moment.
If you are holding FET, you should sell right away.
Buying is not recommended right now, though future buys can be placed with EngineeringRobo Buy signals or you can buy at 0.033 or 0.009 support levels
At whatever point you decide to trade, watch EngineeringRobo signals carefully. If you want to...
-Fetch.AI is likely forming an ascending triangle with a flat area of resistance
-There is a chance it will test the upward trendline of support
-You may enter aggressively at support or wait for the breakout of local resistance
-But if the trendline support will fail, this Bullish idea is no longer valid
-Please exercise proper risk management and always...
FET/BTC is in a BULLISH DOUBLE BOTTOM! Big gains ahead!!!
Also just had a nice pullback while BTC was misbehaving.. FET is on sale and finding support at 905....
This is a mid term hold idea.
News on September 30 as well....
Trade safe my friends...
-Fetch.ai may have found a temporary top resistance
-The price has retraced its gain by -22%
-There is no strong support located at the current market price
-The key area that needs to be watching is located around 931 sat range
-I only recommend opening a Buy position if reversal signs are seen
-Upside target is the recent high at 1551 sat or higher
People who bought FET on April from MOON & MA20-MA50 cross strategy, enjoy your 664.06% PROFIT that you made in 4 months!
There is also super buy & green cloud present right after as a buy signals.
If you are holding FET, do not hurry to sell since there are no sell signals present. If you want, you can take profit at the resistance level (0.16) or you can wait...
I have 4 positive signals.It above the up trend line and support line
Also it broke the down trend line so that ı am bullish at the moment and you can buy right now but watch carefully EngineeringRobo' s signal
Sell with EngineeringRobo' s sell signal or sell at the resistance level ( $ 0,36049)
Your money your choice but trust EngineeringRobo If you want to...
Bullish Cup & Handle Formation in progress. Kicking myself for selling it a little early. HODLing it from current price can fetch close to 4x in a few months, and possibly more.
Will be invalid if:
- Formation breaks
- Little to no volume during the breakout from the handle formation
Timeframes given in the chart are for reference and may not be accurate.
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FET is uptrend now, but a problem is cross the resistance line(0.06689). Therefore, the candles have 2 options. First one is, the candles will turn back at the support line(0.03570), or second one is, the resistance line will turn the support line. Then, the candles will go to the next resistance line(0.20177). This means about 197% profit.
In my opinion, if you...