The last 24h have proven itself with high volume and high volatility. We got several indications of FET trading within a symmetrical triangle at the time of writing. We are currently resting on the bottom trend awaiting a bounce, or a break down.
I am not going to point out exact targets yet, but a break up from the triangle will probably push FET to about 15000sats, above the ATH from yesterday.
A break down to the downside will make us test the zone at 9700sats. I will come back with more detailed analysis with targets once FET have chosen direction!
I am not going to point out exact targets yet, but a break up from the triangle will probably push FET to about 15000sats, above the ATH from yesterday.
A break down to the downside will make us test the zone at 9700sats. I will come back with more detailed analysis with targets once FET have chosen direction!
Note
It's very possible this head and shoulders pattern will lead to FET breaking down from the triangle to test the 9700-9900sats zone. Note
FET is also forming a W double bottom reversal pattern at the line on the 5min/15min, so we got very conflicting signals on the scalp side rn, with a bearish head and shoulders, and bullish trend hold + W pattern. Note
FET broke down from the triangle and retested the high 9000s. Currently trading rangebound between 10k and 11k sats. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.