Fetch.AI / TetherUSUpdated FET reached critical down trend line
Price has reached a long term down trend line with barely non-stop price action in the last weeks. Price is not expected to break the trend line without previously revisiting the 0,2 - 0,165 USDT zone.
If it managed to break the trend line, expect a retest to 0,2 USDT and a further attack to the 0,49-0,62 USD area.
If it managed to break the trend line, expect a retest to 0,2 USDT and a further attack to the 0,49-0,62 USD area.
Note
FET Showing strength at the trendline, no pullback to the support yet.Note
Price decided to skip testing the upper side of the trend line after breaking. I would now expect it to come down towards 0,2 to test the level.
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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.