FET
Long trade #11 for Fetch.ai FET price with short stop-orderYesterday, the FETUSDT price behaved relatively restrained amid a rather rapid drop in the BTCUSDT price.
Buyers managed to keep the FET price above the trend line, which has been in place for about a month.
So today we will try to take a long as close to the same trend line as possible with the shortest possible stop order:
Enter = 0.2206
Stop = 0.2169 (- 1.7%)
TP = 0.2590 (+ 17.6%)
P/L ratio = 10.5
We allocate $10,000 for this trade
In the event of a mistake, we will lose $170
If the trade will success, we will receive a profit of $1760
What do you think about this trade, and what is your vision? Write about it in the comments!
FET/USDT Potential Break the Falling wedge pattern ??💎 Hello Paradisers, take note of this token!
💎FET has impressively regained its previously breached demand zone. Currently, it's undergoing a retest of this demand.
💎aiming to ascend towards the resistance trendline of its falling wedge pattern, where a supply zone also lies. For a continued bullish trajectory, breaking this resistance is crucial.
💎The daily trading volume suggests a strong potential for this breakout, especially given the significant volume observed during its liquidity sweep, followed by a price surge.
💎As an AI token, and with AI gaining immense traction in 2023, FET presents a promising hold for both mid and long-term investors.
FET SHORT SETUPIt has started a good move after hitting Demand. In my opinion, this is a pullback for the formation of HL in this daily downtrend.
We have two good ranges for Sell/Short trades. The first range is FVG and the second range is OB. I don't expect the price to be able to close a candle above the OB range in the daily time frame.
I have also specified the invalidation level, which is the closing of a daily candle above this level.
I also marked the targets on the chart .When we reach the first target, save some profit and then change the stop to entry
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Whether the price can sustain above 0.1992 is the keyHello?
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(FETUSDT chart)
(1M chart)
Looking at the 1M chart, it's hard to see that the decline is over yet.
(1W chart)
However, since it is moving sideways around 150EMA on the 1W chart, there is only room for a turn to the upside.
So, the question is whether it can sustain the price by rising near 0.2897.
(1D chart)
Bollinger Bands are contracting.
Accordingly, it is expected that the Bollinger Bands will expand in the near future.
The HA-Low indicator formed at the 0.1992 point to create a support and resistance point.
Therefore, if the price is maintained above this point, it is expected to continue its upward trend.
However, since important indicators are passing around 0.2280, if the price fails to sustain the price by rising above 0.2650, it is expected to renew the latest prior low.
Therefore, when you touch the 0.1992 point and show support, you can decide whether to sell based on whether or not you break through the 0.2280-0.2650 section upward by aggressively buying.
Unlike IOTA, FET floats in midair.
That means there are a lot of people trying to keep the price down.
Even if the market cap is quite low, the meaning is the same.
If it fails to rise above 0.2650-0.2897, it should check for support around 0.1297.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Fetch.ai (FET)Fetch.ai is another AI crypto-based platform that provides access to AI technology. Anyway, it seems FET moving in an ascending channel, a wide one. Currently, FET's corrective wave reached a horizontal area on which the price bounced off several times; both as a support and resistance area. We have to wait and see if this horizontal area can act as a support again and then see if FET can break the minor downtrend line. Let's see what happens.
FET/USDT for Middle-Term GrowthFET/USDT, the trading pair representing Fetch.ai against Tether (USDT) on the Binance Spot exchange, has shown interesting potential for middle-term movement. As we examine the historical price data and market dynamics, several key points emerge:
1. Middle-Term Uptrend**: Over the past few months, FET/USDT has displayed a discernible uptrend, indicating growing interest from investors and traders. This bullish bias suggests that the market sentiment has been positive, with increasing demand for Fetch.ai, the native token of the decentralized artificial intelligence platform.
2. Strong Support Levels**: During this middle-term period, FET/USDT has formed robust support levels at various price points. These levels have proven significant as they attracted buying interest and prevented substantial price declines. Traders closely monitoring the market should pay attention to these support zones, as any breach could indicate a potential trend reversal.
3. Resistance Levels to Overcome**: Despite the uptrend, FET/USDT has encountered resistance at specific price levels. These resistance barriers have impeded further upward movement, leading to consolidations and corrections. As traders evaluate potential entry and exit points, these resistance levels are crucial indicators to consider.
4. Volatility and Trading Volume**: The middle-term analysis has observed intermittent spikes in volatility and trading volume for FET/USDT. Such periods of increased activity might be driven by news events, project developments, or broader market sentiment shifts. Traders should be cautious during these phases as market conditions may change rapidly.
5. Market Sentiment and Fundamental Analysis**: Middle-term movement in FET/USDT is likely influenced by both market sentiment and fundamental factors. Positive project developments, partnerships, and technological advancements could act as catalysts
FET Trading Plan, July 16th – 22nd, 2023• Since it broke out of the Descending Wedge, FET is ranging between 0.21 – 0.255 USD.
• Considering that the TOTAL3 chart indicates a bullish breakout, my bias remains bullish.
• On July 14th, FET hit the upper boundary of a 1H demand zone and bounced. Until a confirmed break out of the range high, a return to the range lows is still likely.
• I am posting two short-term trade ideas. However, my mid-term target for FET is 0.395 USD based on the breakout target from the Descending Wedge.
Trade Idea No. 1:
• Entry: 0.22 (4H demand zone)
• SL: 0.21
• Target: 0.254
• R: R: 1:3.4
Trade Idea No. 2:
• Entry: 0.2547 (range breakout after retesting as support)
• SL: 0.2415 (Range low).
• Target: 0.395
• R: R: 1:10.6
$FETNYSE:FET is currently trading in a range, GP/support at 0.2$.
it has a big resistance at 0.236$ which is POC,GP and may lows,
0.236$ needs to be reclaimed for continuation to the upside.
FET – Falling Wedge breaks Out to create Bull Flag
Please Read my previous FET idea for more context.
For now, it looks as if FET broke out of the Falling Wedge, and it is forming a Bull Flag.
Falling Wedge target: 0.422 USD
Bull Flag Target: 0.31 USD
Both targets have confluence with daily resistance level and can serve as TPs.
Final confirmation is when FET breaks above 0.2544 USD. You don’t have to wait for 0.25 to take the trade.
Trade Idea No.1:
Entry: 0.235 USD (approximately, break out of the Bull Flag)/
SL: 0.2040 USD
Target: 0.4223 USD
TP: 0.31, 0.4223 (leave some on the table)
R: R: 1:6
Trade Idea No. 2:
Entry: 0.254
SL: 0.2238 (below the Flag’s resistance line)
Target: 0.41
TP: 0.31, 0.4223 (leave some on the table)
R: R: 1:5.94
FET: Are we Ready for a Nice Pump?🤖🔍Or will we get rejected and back into trouble here?
Bitcoin needs to help and it is attempting the Huge breakout today. Not that clear but still valid and more probable:
check this post and our BTC ideas.
FETCH AI:
We live in Ai times. AI & machine learning are becoming more accessible 🤖
This means that soon you won't need big search engines or aggregators to connect you to what you're trying to accomplish 🔍
Do you want to become part of the paradigm shift? #AI
One Love,
The FXPROFESSOR
let's go parabolic maybe?
Fetch journey massive gains?!!👀 🚀FET today analysis💎FET is exhibiting signs of a potential upward shift. It's currently trading within a channel pattern, creating a series of lower highs and lower lows.
💎We're anticipating a breakout in the upward direction, which could signal a bullish trend.FET is trading in a high-demand area, which further bolsters the potential for an upward move.
💎Another key observation is the impending crossover with the 50-day Exponential Moving Average (EMA). If FET can maintain its momentum at this level, it could potentially alter the market dynamics.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
FET – Possible Reversal PatternTLDR:
• FET is reentering a Falling Wedge pattern. FET is testing the support trendline ATM. If the test is successful, it is a possible long opportunity with a close invalidation and great R: R.
Background:
• Fetch AI is in a correction since February 2023.
• This correction is taking the shape of a Falling Wedge reversal pattern.
• FET was on the cusp of a breakout on June 1st but couldn’t make it (see my previous FET idea).
• On June 10th, FET lost the support trendline, but it reclaimed it shortly after and it is now testing it for support.
• Should the retest be successful it could be an amazing entry with a close invalidation and huge reward.
My Trade Ideas:
1. Long upon a successful retest of the trendline
• Entry: 0.2 USD
• SL: 0.185 USD
• Target: 0.43 USD
• TP: 0.24, 0.31, 0.43. Leave a moon bag.
• R: R: 1:15
2. Long upon a successful break out of the wedge
• Entry: 0.24 USD (break out of the wedge)
• SL: 0.23 USD (approximate number, below the last daily candle)
• Target: 0.43 USD
• TP: 0.31, 0.43. Leave a moon bag.
• R: R: 1:10
NFA.
What do you think? Please share in the comments.
Best wishes to all.