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We are in a 4-hour time frame.
As you see, we drew a support line. The price had a break of failure and started to move up.
Currently, the price is moving above the resistance line, and if it stabilizes above the line, it can move towards its resistance.
But if it drops below the support line...
FETUSD has currently hit some key resistance and isn't the most beautiful chart out there, but FET has kept going up and up slowly. It has kept going back to retest all key breakout levels and then go back up again. Fetchai's market cap is currently at 590M USD, and it's inflation since launch seems to have been quite large (800%). FET was the first Binance IEO...
Hello traders, FET / USDT is in a symmetrical triangle in formation with volume reduction in confirmation.
The price stabilizes below its support zone, a signal will intervene when the downtrend line check (blue) follows on the crossing of the hit line.
The HNA indicates a reversal at this level in validation of a rise to come.
With a strong possibility of...
Over the last three weeks or so, FET has been trading alongside the dotted trend line. Every time the price touched the line, the price reversed.
With the market going down this morning, it appears that FET has found support and is reversing. Most bullish case would be the continuation of this reversal, targeting $1 and potentially $1.1 in the coming...
Fetch.ai case study
It seems like altseason is under way and my guess is that the price of FET should come close to the upper trendline IF BTC and ETH remains strong.
This is not financial advice. Please do you own research. Protect your capital at all cost.
FETUSDT (Day Chart) Technical analysis
New All-Time High
FET/USDT (Day Chart) Currently trading at $0.93
Buy level: Above $0.900
Stop loss: Below $0.73
Max Leverage 1x or buy it on spot market
Always Keep Stop loss