FET showed some real strength after the BTC dip and my previous chart looked like strong move to the upside was inevitable. But buyers had to eat through some big sell walls and couldn't break past 70c. Now the price has retreated and there's a lot less strength in FET and it feels at the mercy of BTC much more so than other alts at the moment. A bearish head and...
If Bitcoin stays above 50K, I think FET can continue its run. Had a big bounce, probably needs consolidation before a breakout of the resistance area that formed the neckline of the H&S, retest and then move up from there. Fundamentals are pretty solid, be hard to keep it down
WAN has been on the rise for the past week that culminated with a steep rise on rumours of the partnership with State China Grid. Had a retrace to the 50% fib line and broke out of the downtrend on low volume. Expecting it to retest the breakout level over the next day or two and then retake the highs of $2.30 over the weekend.
Currently sitting in resistance turned support, in a bit of falling wedge pattern. With BTC playing up at the moment, I think we will drop back onto the trendline and bounce. The wedge pattern, trendline and 61% fib all coincide here, so there might have some significance to support that scenario. The other two options is to move higher from the support zone we...
