FET
Fetch.AI FETUSDT - Elliott Wave + Ascending parallel channel!- Fetch.ai - FET - Rank #133 TOKEN.
- As per my Elliott Wave count, we are currently in the 5th wave, which can be huge!
- Also, we have an Ascending parallel channel with total 7 touches.
- FET Is prepared for another pump very soon!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
FET is the future (Daily & Weekly Timeframe)Fet looking quite strong.
Successful mini breakout/pump after consolidation/squeeze.
Multiple retests of daily orderblock suggesting solid support as we continue monitoring priceaction.
Clear trading range based on trade volume, key is to monitor the coming price action to determine if we will see 1 of 3 things:
1) Denial at resistance (stays within trading range after reaching resistance)
2) Spring (break at resistance, then returning into trading range)
3) breakthrough (breaks resistance, heading into some degree of price discovery or pump (either or)
Either way I am long FET!
Update on previous post, $FET looks great!Fet has broken out and retested the trend support. Nice bounce, retesting resistance. The chart also shows massive buy volume pushing the price above $1 before being brought down. There are some clearly massive buyers here. Keep a very close eye on $FET its time may be here shortly. Zoom out on the USDT along with the BTC pairs, it looks great.
Don't miss these prices. Clear use cases and lots of space to grow!
#FETCH #FET DAILY CHART TECHNICAL ANALYSISGiven the uptrend channels and approaching one of the important support levels, as well as the formation of a triangle-like pattern, one can expect the price to rise.
The Targets of this ascent achieved with Fibonacci clusters are:
target1: 1.1$
target2: 1.35
target3: 1.75
stop loss: 0.63
entry: 0.82-0.72
time: 1-5W
FET at the apex of the triangle! Keep an eye on this one!Here's a quick Look at FET 8 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a bigger break to the upside soon - the triangle ends in few days!
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
-------------------------------------------
The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
1. 0.82$
2. 0.885$
3. 0.97$
4. 1.03$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
FET! Wealth swing set upFET! We been following this Bad boy for a minute.
It’s finally squeezing more and more. Expect to keep the momentum going.
Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss out next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference.
FET is squeezing ! let's see if we can get a quick 30% gain TTM indicatori shows compression of price action which could lead to a pop in one direction or the other,
I opted for the long and I will try to catch a 30% gain on this run.
The trend is bullish so let's see if it will resume after this period of consolidation