Fet looks like it's about to make a big run. It's been in accumulation for 6 month and looks like it's about to break out. Once it can break the bottom resistance at $.09, I think there could be a quick move to $.13 and if that breaks, there's a lot of room for price to move upwards.
I ultimately think the move will take us somewhere to the $.22-.24 range before...
Just put some of my money into this token. I a nice accumulation and an early indication of a trend break to the upside. Let's see what we get here. I am planning to take some profit at 0.30 by November 2023
Credit for this swing goes to the JST community. One of the traders I mentor brought it to my attention, noticing the how it was retesting crucial support lines with re-emerging demand. He was right: this one looks like a runner. Chase it up to the 1.618% golden ticket and consider selling. I only say this because the activity on many of these coins/tokens is...
FET is in a declining triangle but with strong bullish divergence on RSI.
I decided to add to my position today with price at $0.0882 to bring my average cost under the 23.6% Fibonacci Retracement level.
(I forgot to change the date though).
I have also drawn the Fibonacci Retacement from $0.00 to the All Time High to get the maximum range.
Now...I am in my...
Like the TOTAL crypto market cap, FET on the weekly has formed an Elliot Wave Impulse. These are of course bearish and paired with the RSI indicate the bears are gaining strength. Although I don't think this will happen soon, BTC will have to go into a bear market during the summer for this to occur. However, on the daily, a breakout is soon mainly...
0909H +8 SINGAPORE
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
This will be a good season for ENTRIES. The market has found strong support at a very bargain price for cryptos.
We will be focusing on BITCOIN and ETHEREUM as our TOP...
Target profit = areas of previous support...circled and highlighted in yellow.
SHORT entry at P of .53
Currently just above .51 -- so, ceteris paribus,
next stop ~ .45 followed by ~.38. Then perhaps pullback will cool down?
Bullish pressure is building within the triangle placed, another falling wedge can also be placed on top of this, emphasising the bullish potential.
I expect price to rise out of this triangle and falling wedge, up well into the Gann range.
this is the Coinbase FETUSD chart.