Even a blind squirrel gets a nut, every once in a while, if he doesn't give up.
With Mainnet approaching, one could expect the old cliché to play out, "buy the rumour and sell the news''. However, with BTC and Crypto in general in an overwhelming uptrend, I am expecting continued growth. I've said it for awhile, that I believe we will shortly see a new ATH for FET/USDT and I suspect we are on the cusp of it. Below is a chart I found...
I think we are about to have a very good week or two.
At this point, I'm just seeing mirages of confirmation bias. It's enjoyable, though.
Symmetrical Triangle and a potential head and shoulders with confluent targets. I don't expect the targets but I think we could revist .005 or slightly below. I like Electroneum. I dig what their about and think their way undervalued, so, I would see this as a buying opportunity for me. Electroneum's time will come, maybe toward the end of BTC's cycle.
Breakout move imminent on the 4 hourly.
The chart speaks for itself portending the catalyst volley to come.
EMA Ribbon, horizontal resistances, descending channels of resistance- all confluent. I expect another wave down over the coming day.
Confluence in king here. Additionally, we are confluent on the FET/BTC pairing with a key support area of .00000243ish. I, therefore, deduce that we bounce from this area in the near term. We are heading toward .20 cents in a hurry, possibly, even moving toward the .30-50 cent range by mid February.
Hey I'm, admittedly, long but I think I have some legitimate reasons to be.
I believe the uptrend has been confirmed and it is a matter of time before we see the next impulsive wave. However, wisdom is justified by her children. We shall see. Shalom.
An interesting relationship between the stochastic RSI and the price action. Are there clues here about potential price movement to come. *Full disclosure: I am long. I think we are in the ballpark of a major impulsive move to the upside. Perhaps, not yet seated in the stands, but definitely in the parking garage walking through the arena doors.
A cup and handle on the weekly? I am uncertain, but it could be a possibility, however low. Shalom.