Fetch.AI (FET) Looking At A Different Type Of SetupOk, we looked at MTHBTC and the higher low chart setup... It ends up with prices moving higher but this one is different... Let's have a look.
For FETBTC we have a falling wedge but there is no low followed by a higher low...
Instead, we see prices first printing a strong decline, and little by little they start to curve.
When we look at the end of the falling wedge, 5th November, same date, prices completely stop the drop...
Now it starts to go sideways; consolidation...
What's comes next? ...
The prices jump.
Let's continue with the signals...
As prices go flat we see a break first of EMA10.
We also get increasing volume and the RSI moves ahead.
Slowly but surely as time goes on, FETBTC will go bullish and grow.
This is me just reading the chart...
Trading would be a completely different game and here is how it goes.
The last low is your stop-loss and the resistance levels above it can be your targets to collect profits... That's all.
Can you see how simple this is?
Yes o no?
Share your thoughts in the comments section below.
Namaste.
FETBTC
FET/BTC Accumulation Zone!Hello Community!
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Lets keep it simple.
When taking a look at FET/BTC on the 4 hr TF, we see it trading in a parallel channel after it's long decent. This channel is also a temporary accumulation zone before another big move. It's currently trading at the top of the channel and can easily break through and begin the blast off or it can continue to trade in this zone. If going long, the area of value will be towards the bottom of the channel. Manage your risk and trade with a tight stop to minimize loss.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Win
FET/BTC (Retest Previous Key Support)💎Technical Analysis Summary💎
BINANCE: FETBTC
-After the recent small run-up, Fetch.AI is back at previous key support
-The big question we have is, will this support hold again?
-Tough to answer this one right now so we need to be careful
-My advice is to wait for a few days until it forms a base of support
-And zome in on 4H timeframe to look for early buy entry
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Not Financial Advice 💸
Please Exercise Risk Management 💱
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FETBTC - C&H Weekly + Forming C&H 4H - 40% TargetI'm bullish for reasons:
1. Weekly Cup & Handle
2. Weekly HK Doji signs of reversal
3. Price breaks the 0.5 RED resistance and hopefully will hold as support
4. Bullish Divergence already played out (inside vertical lines)
5. S&R Flip (resistance becomes support to hold the Handle in the Cup
Buy Area @ 0.382, 0.5, 0.618 RED Fib
Stop below 0.618 BLUE Fib
Targets @ 0.236, 0.382, 0.5, 0.618 RED FibEx
Fetch.AI (FET) Support Confirmed, Bullish, Next Target MappedFETBTC looks very similar to the ANKRBTC chart we shared recently.
Prices found support at the MA200 black line.
A strong bounce is taking place and we see resistance after resistance in the form of EMAs being conquered.
We also have a falling wedge breakout and bullish indicators, MACD and RSI.
All these are bullish signals that tell us that this altcoin pair can continue to grow.
NOTE: If prices were to drop, the main support is now at 0.00000453.
Moving below this level would invalidate the above signals.
Remember that it is recommended/necessary for good results when you trade, to have a plan/strategy in place before buying any pair.
This is not financial advice.
Namaste.
FET/BTC (Ascending Triangle Pattern?)FET/BTC
-Fetch.AI is likely forming an ascending triangle with a flat area of resistance
-There is a chance it will test the upward trendline of support
-You may enter aggressively at support or wait for the breakout of local resistance
-But if the trendline support will fail, this Bullish idea is no longer valid
-Please exercise proper risk management and always plan your next trade
FET/BTC is in a BULLISH DOUBLE BOTTOM! Big gains ahead!!!FET/BTC is in a BULLISH DOUBLE BOTTOM! Big gains ahead!!!
Also just had a nice pullback while BTC was misbehaving.. FET is on sale and finding support at 905....
This is a mid term hold idea.
News on September 30 as well....
Trade safe my friends...
BINANCE:FETBTC
FET/BTC (Temporary Top? Pullback Started?)FET/BTC
-Fetch.ai may have found a temporary top resistance
-The price has retraced its gain by -22%
-There is no strong support located at the current market price
-The key area that needs to be watching is located around 931 sat range
-I only recommend opening a Buy position if reversal signs are seen
-Upside target is the recent high at 1551 sat or higher
-If 931 sat support failed, the next level of support is near or below 800 sat
FET/BTC 2h (Binance) Symmetrical triangle break-outFetch is looking for some continuation uptrend here!
Current Price= 0.00000848
Buy Entry= 0.00000853 - 0.00000831
Take Profit= 0.00000898 | 0.00000967 | 0.00001015
Stop Loss= 0.00000786
Risk/Reward= 1:1 | 1:2.23 | 1:3.09
Expected Profit= +6.65% | +14.85% | +20.55%
Possible Loss= -6.65%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 240h