Why Fetch Ai.? Well it's pretty easy to explain: Humans are lazy! AIs and investments in AI like IBM, Google, Microsoft and other huge companies invest in this rather "long term" subject, it's not something we will see in 2 years, probably in the near future, 10 years? Numerous of insurances already have contracts with AI Start-Ups and companies specialized in...
Here you can clearly see we are in a Falling Wedge - but this will break Bullish because it's part of a Bullish continuation in an uptrend on our FET daily chart . We are very near the end of this wedge structure and will be breaking upwards from it . Notice there is very low volume now near the end of this wedge - that is actually confirmation of our wedge . A...
Here we see our FET 12 hour chart and boy we see quite a pullback ! We're now under 1400 . But if you see those black lines on my chart it does look as if we are forming a symmetric triangle shape . Now a chart pattern like that can break upwards or downwards - and by approximately the same amount as those purple lines show (which is the length of the rise near...
I like how FET is holing up above the major rising resistance trendline. IF we can hold this zone as support i think we can move a lot higher coming months.
Thanks for taking your time to check out my idea 😎😎! Often, my ideas are fast gone from the front page because there are so many ideas on the platform and the algo picks the one with more likes 🤖🤖. I think...
Nice 2D bar pushing 30% from the lows
Still I would like to see stronger volume/continuation as signal of true recovery (instead of DC bounce)
UCTS remaining bullish on the 2D so my bot on 3commas will keep the position for now (~120% since July end)
We are retesting our previous strong weekly resistance for the preceding two run ups. If we hold it as support an epic bounce and, potentially, new local high will follow. Also, noteworthy, is our cross of the weekly EMA ribbon (FET/BTC) for the first time ever. Calm down, zoom out, and be ready FET is about to soar!
Here we see our FET daily chart from Bitfinex and you can clearly see this pullback is a Bullflag ! Shown in-between those black lines . The purple lines show the length of the flagpole on our last rise up that took us to 2500 area . That flagpole was at least 1200 sats high and when we break out of this Bullflag we will be going up by at least that much upwards ....
In this case price formed triangle shape, which can be bearish, and considering placement of this shape I think chances for breakdown are higher.
This shape is also found in Wyckoff Distribution models.
Looking for targets near 1500 sat
USD target can be found on pic below: