You won't believe how much FET is falling!The FET symbol exploded by more than 900% in the previous months and then entered a correction.
Where I wrote "START" on the chart is where the FET symbol entered the corrective phase.
In the corrective phase The FET symbol, after completing a bearish wave (wave A), is now oscillating in a neutral range, appearing to be completing a large bearish triangle. After the completion of waves D and E, the FET symbol enters a large bearish wave C.
I marked the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
FETBTC
You won't believe how much FET is falling!The FET symbol exploded by more than 900% in the previous months and then entered a correction.
Where I wrote "START" on the chart is where the FET symbol entered the corrective phase.
In the corrective phase The FET symbol, after completing a bearish wave (wave A), is now oscillating in a neutral range, appearing to be completing a large bearish triangle. After the completion of waves D and E, the FET symbol enters a large bearish wave C.
I marked the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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?
Traders, welcome.
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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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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
✳️ FetchAI Perfect Wave Count + Volume & Other SignalsIt might be "too early" but I am seeing here a perfect bullish impulse followed by a classic correction, this is matched by decreasing volume on the correction and hidden bullish divergence on the RSI.
This whole structure/pattern can lead to a new impulse, a 1,2,3,4,5 bullish wave, which would be the third wave of a higher degree.
The revealing signal truly is the volume.
It was rising as prices moved up and dropping as prices moved down, confirming the impulse/correction relationship.
In any case the risk is low and the upwards potential strong. This is not financial advice.
Additional details on the chart.
Namaste.
Fetch.AI vs Bitcoin | Things Are ChangingIn the past we would have the USDT pairs and BTC pairs print completely different charts, they would also move inverse to each other.
When USDT pairs went bullish, BTC pairs went bearish and vice-versa.
This isn't the case right now and that is why we need to open ourselves to new possibilities, change, different types of scenarios.
Here we have the BTC pairing for Fetch-AI and is looking just like the USDT pair.
We have a lower low mid-November compared July and after this lower low a strong bullish breakout takes place and FETBTC grows.
Today we see a challenge of the September high...
This is only the beginning, we are bound to see additional growth.
Namaste.
Fetch.ai (FET) formed bullish BAT for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Fetch.ai (FET) with US Dollar pair.
Previously we caught more than 30% pump of FET as below:
Now on a 4-hr time frame, FET has formed a bullish BAT move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FET/USDT explosion after accumulationTriangle that will catapult the price to levels above $1
Fetch.ai is a decentralized, open-source platform that leverages artificial intelligence to create a decentralized digital economy. It aims to build a smart contract platform that can be used to automate tasks, provide machine learning capabilities, and enable seamless data sharing between devices.
The Fetch.ai platform uses a unique consensus algorithm called Proof of Stake with reputation, which allows users to stake their tokens and earn rewards for contributing to the network's security and reliability.
As a trader, there are a few basic techniques that you can use to trade Fetch.ai and other cryptocurrencies on the market. The first technique is technical analysis, which involves analyzing historical price charts and using various indicators to identify trends and patterns in the market. This can help you make more informed trading decisions and identify entry and exit points for your trades.
Another technique is fundamental analysis, which involves analyzing the underlying factors that drive the price of a cryptocurrency. This can include things like news events, market sentiment, and changes in the technology or adoption of the platform. By keeping up to date with these factors, you can gain a better understanding of the long-term prospects of a cryptocurrency and make more informed trading decisions.
Finally, it's important to have a solid risk management strategy in place when trading cryptocurrencies like Fetch.ai. This can include setting stop-loss orders to limit your losses, diversifying your portfolio across different assets, and not investing more than you can afford to lose.
In conclusion, Fetch.ai is an exciting platform that offers unique opportunities for traders and investors. By using a combination of technical and fundamental analysis techniques, and implementing a solid risk management strategy, traders can take advantage of the market's volatility and potentially earn significant profits.
FET - A breakout could be around the corner! Here's a quick look at FET 2 hr. chart. As we can see, the is currently at the apex of the triangle, and a breakout, either way, could be around the corner! The best entry would be when the price breaks above 0.375$.
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The idea is: Buy when the price breaks above 0.375$ and take profits at the levels shown in the chart.
Targets:
1. 0.38$
2. 0.393$
3. 0.4$
4. 0.41$
5. 0.42$
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Key Dates to Watch in March:
30 Mar: GDP Report
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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 drop as well. Trade safe!
FET - Trade setupThe idea is: Buy when the price breaks above 0.395$ and take profits at the levels shown in the chart.
Targets:
1. 0.4$
2. 0.41$
3. 0.42$
4. 0.4375$
5. 0.46$
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Key Dates to Watch in March:
30 Mar: GDP Report
-------------------------------------------
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 drop as well. Trade safe!