FET 20x Potential?
Updated
FET is another crypto asset that has seen a HUGE pump from the bottom of over 1000%. Being it has bounced the hardest it is giving a clear sign that it has users attention.
This is a weekly macro environmental chart to highlight the current condition with the past price action as well as give some potential macro targets.
Currently price has formed a possible reverse head and shoulders with the highest target in the 2000% range. If just looking at the local range a 50% retrace of our current down trend is nearly 50% and 100% to the .786.
Being this is an expected mover higher targets for the reverse head and shoulders or the measured move may be in order.
Validation of a larger move up would be a clear brake of our current down trend preferably with a retest.
Trade Well......
This is a weekly macro environmental chart to highlight the current condition with the past price action as well as give some potential macro targets.
Currently price has formed a possible reverse head and shoulders with the highest target in the 2000% range. If just looking at the local range a 50% retrace of our current down trend is nearly 50% and 100% to the .786.
Being this is an expected mover higher targets for the reverse head and shoulders or the measured move may be in order.
Validation of a larger move up would be a clear brake of our current down trend preferably with a retest.
Trade Well......
Note
Likely still valid. Possible top here but looking more like a pause as it hopefully contiues on to its higher targets.Note
target achievedNote
Video update for this chart youtube.com/watch?v=u1blMflhB4Q
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