FETBTC forming bullish Shark | Upto 168% move aheadPriceline of World's 117th ranked cryptocurrency out of more than 2300 cryptocurrencies Fetch.ai (FET) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of FET price action's moves:
After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00000431 to 0.00000305 sats
Sell between: 0.00000555 to 0.00000820 sats
So this trade has potential to produce upto 168% massive bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Fetbtclong
FET/BTC TA Update (Bounce at key Support?)FET/BTC
FET is on a deep pullback after breaking support at 650 sats area. The price has reached important key support and golden Fib 0.618. Can we expect a bounce from this key zone?
If only FET can maintain this level for at least 48 hours, there will be a high probability of a pump will occur because the bears have failed to bring the price lower.
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.
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.
FETBTC formed bullish BAT | A good buying opportunityPriceline of Fetch / Bictoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
We have a 100 simple moving average support above the PRZ area therefore the priceline may only give spike in this buying zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000513 to 0.00000492
Sell between: 0.00000524 to 0.00000549
Regards,
Atif Akbar (moon333)