Fet/ USDT a new coin added to binance has deeper to go we are currently in a downward movement but, we are approaching the top of the triangle. I expect a fakeout to the 0.21-0.23 level based on our fractal and resistance levels. then following a bounce down to 0.10 area. I wouldn't buy at 0.10 area right away if we reach there to wait to a breakout after the...
Entered FET with a tight stoploss here as there is the potential for a breakout shortly. There is some bullish RSI DIV on the lower timeframes for that push to D wave
Marc
Hello Friends,
Here on the 4hr chart we can see room for growth on the RSI and that we are also climbing up from the bottom of the RSI on the daily chart. We also have a MACD divergence and are breaking through the falling wedge which is bullish on both accounts. It is possible to see FET climb up to targets and maybe beyond.
Details on the Chart
This is my...
After touching the support $0.21, FET formes Double Bottom pattern, showing that the next trend is increasing
Buy at $0.222 - $0.225
Target 1: $0.2465
Target 2: $0.2680
Target 3: $0.3065
Target 4: $0.0368
Stoploss: $0.21
Risk / Rewark Ratio Tp1 = 1.81
Risk / Rewark Ratio Tp2 = 3.46
Risk / Rewark Ratio Tp3 = 6.43
I'm a bit weary in this market atm. The vibe is looking positive, but most USDT pair charts I'm looking at seem expensive. FETCH.AI is looking like the only one I'm considering buying as it's nearing support. Not super keen on this though as it's a new coin so limited data and has been on consistent downtrend on the higher timeframes.
Might take a small position...
Currently, there is a positive convergence between the price of FET and MACD. This is a positive signal to buy FET, the current price is 0.23xx with very low stoploss
Below is the target and stoploss
Target 1: 0.2700
Target 2: 0.2890
Target 3: 0.3060
Target 4: 0.3681 (break 0.3065 resistance)
Stoploss: 0.2210
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