A great battle has taken place over the fate of FET/BTC. The passing of the weekly EMA ribbon, for what would be the first time ever has been mightily challenged. However, were are approaching significant support and other factors portend to a dramatic price action to follow in the weeks to come.
This could, of course, fail; but should be considered a viable possibility as well.
Whether it is or not it looks likely we will see some bullish price action shortly.
Ascending triangle. BTC with a key monthly close soon. Fear present in the market like nobody's business. The majority seems to think BTC is going to 20K or below. The majority is usually wrong. Is FET giving us a hint at BTC's coming price action?
This is a KEY weekly resistance. We could, obviously, wick below this, but this is where FET will make it's stand. Blessings to all!
4 hourly. There could be something to it. Volume has been diminishing as well.
Looks possible and probable within two weeks.
It's that same trendline we have been bouncing off of for the last 20 days or so. Notice the reaction we get every time we smack it.
The title says it all. Let's see what happens.
Worth considering.
Let's see how this plays out. Triangle is confluent with a multiweek trendline.
Sometimes a simple trendline has more to say than any other indicator or pattern.