Possible bullish reversal forming for fetch.ai
There is a clear inverse head and shoulders forming right now.
The right shoulder is forming right now, and it's trying to break out of a falling channel.
If it breaks out of the channel with decision it's likely to complete the right shoulder in the near term and start an uptrend against btc.
On top of that the...
FETBTC is breaking out of an important downtrend line, with higher lows which suggests a new and fresh uptrend.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for...
Signals on this chart/timeframe are usually quite strong..
11% since latest 2D Buy already and facing 1st important level at ~1k sats
Looking for a breakout/flip above this area as continuation
We are looking at FETBTC (FETCH.AI) and we can see its price moving back above MA200, the black line on the chart.
This level, MA200, was first tested as support 23-May and it held.
Now we have a second test and the support continues to hold strong.
Now with this support level confirmed, we can easily see prices grow.
The next target is expected at 110% or the...
You can see we have developed what appears to be an Adam & Eve Bottom on our FET chart . What's an Adam & Eve Bottom you might ask? Let's look at our 12 hour chart and see! Our first bottom happened about a month ago with that sharp V formation you see with the red V . Many of us thought it was gonna be an Inverse Head & Shoulders pattern but Crypto can change...
$FET looking strong on the daily chart. Even in current dump of #BTC it hold up well. Still bouncing of the falling trendline, but also bouncing on that strong support level (yellow dashed line). As always it can co both ways, but it has high chance of going up instead of down. Currently bounced of trend again, so possible little retrace to 740/750, before moving...
A great battle has taken place over the fate of FET/BTC. The passing of the weekly EMA ribbon, for what would be the first time ever has been mightily challenged. However, were are approaching significant support and other factors portend to a dramatic price action to follow in the weeks to come.
Investing/Trading is a Zero-Sum Game and based on the greater fools theory if you are not buying dividends. You buy because you seek a profit,** just like the person who sold the stock to you** - the equity stock market and the real world are not correlated to each other but a believed correlation there of.
Once understood, there is more value in...
Here we see our FET daily chart from Bitfinex . You can see we have had a Double Bottom ! That China miner's shut-off seemed to cause a slump in the whole market.And it definitely caused what appeared to be our Bullish Inverse Head & Shoulders pattern to fizzle out a bit at the end and form instead the Double Bottom you see now on FET . But this is a good pattern...
Here we have our FET daily chart from Bitfinex and you can see what appears to be an Inverse Head & Shoulders pattern forming .This is good .If that is indeed what it is than we are probably finishing the right shoulder formation now . And the target of that should be our 1500/1600 area again . We thought we might go back there after that Butterfly pattern seemed...
Here we see our FET daily chart from Binance with that colorful Gann Fan indicator on it ! This indicator really explains why FET has had the ups and downs it has had lately because it really seems to fit this Gann Fan . You can see it's a steadily rising fan we are in but we need to break up into those higher levels ! You see where that black arrow is pointing on...