FET/BTC TA Update (Bounce at Golden Support Area?)FET/BTC
FET is on a deep pullback and it's in the range of 0.5 - 0.618 Fib support area. If price can hold this level for the next 7 days,
I expect a bounce will take place as the 50 Day MA plus the ascending trend-line support will give an extra boost to make the trend rising again.
FETBTC
FET/BTC Daily Analysis - 48% Move UpHey traders, looking at FETCH.AI coin today trading on Binance.
If you're in my Telegram group, you would've known to take profits at this 1st sell target area of 762 sats, now targeting 1134 for an additional 50% move up.
Right now we're having heavy resistance at the 762 sat level, but we'll get through the turbulence. Anything under the 1st sell target is a great buy, and you can even zoom into a smaller time frame than the 12H to find quick hourly moves.
Buy @ 762 sats or lower
Sell @ 1134 sats
As always please do your own research, I am not a financial advisor.
FET/BTC TA Update (Break 200 Day MA or Pullback?)FET/BTC
FET is currently struggling to break above the 200 Day MA and previous support turning into new resistance.
Bearish RSI divergence is also adding stress for the price to move up further. If FET will unable to break this resistance within 24-48hrs,
We could expect the price to pull back into the support area to accumulate more buyers to step in.
$ENJ lower TF: RSI & MACD divergence, falling wedge at support.if $ENJ doesn't hold here we could see 1080-1050, but I think a 12-15% bounce here is more likely. Looks very similar to $fet's retest of lower TF support and that ended up bouncing 20%+ ...Lower TF: RSI & MACD divergence, falling wedge at support.
FET/BTC TA Update (Healthy Pullback?)FET/BTC
FET has temporarily topped out at 889 sats but that is normal as RSI went too extended in the overbought condition.
Price is on a decline for a healthy pullback into potential setup another Higher Low.
I have highlighted in the chart where the support or buyers may step in.
$FET, Crossed over resistance at ~800 sats w/ nice volume levels$FET
Crossed over resistance at ~800 sats w/ nice volume levels (but decreasing)
I can also see an RSI bearish divergence that may signal some retrace (to crossed level?) for a potential flip & entry.
If happens, then entering at R/S flip with ~940sats as target (15%+)
#FET
FETUSDT [Watchlist] : Breakout Attempt - When and How to BuyThe price action for BINANCE:FETUSDT is currently making an attempt for crossing-up the resistance area after few days of building-up just below. Depending on whether the current daily candle will close above the resistance, it will give traders a good opportunity to take a long position.
Overview : since the Nov 22th low (at 0.0217) the price action has initiatedan upward move while making higher lows (i.e. green curves on the chart). Over the past few days, the price has been building up (grey box) just below the current resistance area between 0.06368 and 0.06059 (i.e. red rectangle ). The bullish structure formation since the Nov 22th low gives bulls good chances for potentially breaking-up the resistance area this time.
FETUSDT-FETBTC Convergence : traders may notice a convergence by looking at the price action for BINANCE:FETBTC . The chart clearly provides the same bullish signs described in the BINANCE:FETUSDT chart. Finding convergence for an asset traded against two distinct assets generally a good sign. Here's a link for the BINANCE:FETUSDT chart :
Risk management : given the elements described in the overview, traders might wait the current daily close to take position or not. If the price closes above the top of the resistance (i.e. 0.06369), it will be a bullish sign since buyers would have been able to push the price above the resistance.
Profit targets and stop loss would be set based on the entry price.
My Trading Principles :
- Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3.
- Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit.
- Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade.
"Remember, plan the trade, trade the plan. Build that discipline."
I will keep updating this trade according to the future price action.
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Best regards,
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FET/BTC TA Update (Temporary Top?)FET/BTC
FET went on a 90% pump from its Higher Low at 470 sats. It hasn't built any strong support during its parabolic move up,
I have highlighted in the chart where the potential support area may hold for another leg up.
This is not the best time to buy FET, wait for a healthy pullback to avoid FOMO buying.
FET channel in 52% increments. Pivot points.Fetch.ai (FET) Channel with a step of 52% Price is now at the upper border of the channel if there is a breakthrough and price fixing above the channel resistance line, then the growth potential is the width of the previous channel.
This is a coin for pumping, and therefore it can be pumped higher, but it’s better to take profit less, but for sure, than much ever, and maybe never.
It is also worth noting that in front of this channel there was a downward wedge that was pierced without correction. Just the first goal of this downward wedge and the growth target for the width of the existing accumulation channel coincide in the same price value - 0.00000950.
But this is provided that the channel resistance is broken and the price fixes above it.
Another option, if this does not happen and the price turns around, in this case, trading inside the channel. Wait until the price drops to the bottom of the channel, support is confirmed and then the entrance. The movement to the channel resistance is about + 40-50% depending on the entry point and again observe what kind of reaction the resistance level will be.
By the way, who does not understand, this is a more profitable and predictable trade.
Fetch.AI
This is one of the new coins on Binance.
The company made IEO on the Binance exchange and at that moment there was a hype for the projects from the Binance and it was a good advertisement for the project.
I can’t say that this project will turn the crypto world upside down. But for speculation I use this coin.
Why it will be growing?
- I see accumulation zone
- New coin
- No pump yet
- Binance exchange
My entry point
Previous signal of this coin
Fetch.AI Is Next In Line | Strong Setup For 50%+ ProfitsFetch.AI (FETBTC) has always been green for us and is now printing a candlestick to break above EMA10 and EMA50 that can lead to an impulse move...
Remember we have an active trade with over 650% of potential profits, you can find it below:
The bullishness and long-term growth potential are intact, FETBTC can print massive growth in late 2019 and/or early 2020.
50%+ Can easily come in on the next move.
Any questions?
Use the comments section below.
Namaste.
--
THIS IS NOT FINANCIAL ADVICE.
FET/BTC (Up to 85% Profit Target)FET/BTC
Market structure is on an uptrend with a series of Higher Lows then Higher High.
The candle closed with Bullish engulfing and price is trading above both 50 Day Ma and 100 Day MA.
After 6 days of pullback, Bulls are likely to back again for another potential leg up.
Trade setup
Buy area: 535 Sats - 474 Sats
Sell target: 580 Sats - 900 Sats
Stop loss: 410 Sats
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