FET will soon make a double bottom. From there there is a good chance we will see a bounce to the upper side of the channel. I'll be closing my position there . If breakout happens that will be whole new trade.
Here we are, the price is consolidating near previous highs resistance, now tested 3 times as support.
Now price is approaching the resistance in formed Falling Wedge.
I see few targets near Fibonacci resistance levels 0.618 and 0.786.
Better buy opportunities we can have at buy range below 0.382 Fibonacci support.
Stop loss under 0.114 Fibonacci level.
BINANCE:FETUSDT just became impulsive which means that we will see more upside in the near future. But before that can happen, it needs to retrace again. We will buy FET back when it penetrates the 0.41-0.42 zone.
Enter: 0.41-0.42
Stop: 0.4082
Target: 0.475
Eminent correction in the Fetch.ai, because of a distortion wave of the price was detected. The asset will search for 61% of Fib Retracement, to test its healthiness of the initial movement. In H1 we can observe an inverted hammer, denoting so the begging of the correction.
Be careful with FETUSDT! We see bearish divergence on the 1 minute chart and it looks like we have a complete rising 5-wave sequence. It needs to push trough 0.45 to become impulsive!
Hello traders,
Yesterday we talked about the possibility that FETUSDT could retrace after it soared 20%. We forecasted a classic A-B-C zigzag pattern that usually halts around the 61.8% Fibonacci level but we retraced slightly different this time!
FET retraced in a horizontal triangle that consists of five sub-waves that form a 3-3-3-3-3 structure labeled as...
Hello cryptotraders,
We can't publish ideas on 1 min charts so we are doing it on the 15 min. We can count a clean 5 wave upward pattern on FET/USDT with bearish divergence on the 1minute chart. This means that FET will retrace in an ABC structure from here on.
A retrace like that usually stops at the 61.8% fibonacci level so keep an eye on that! We will keep...
