Fetchaibitcoin
FET / BTC looks bullish on 1D chart!FET / BTC looks bullish on 1D chart!
There are few bullish signals on FET/BTC, some of them are:
we just crossed above 200SMA on 1D chart - this should act as support from no on
50 & 100SMA are about to cross - another bullish signal
strong historical support/resistance line at 470sats (overlapping with 200SMA)
There is a high chance we will retest 450-470 support zone, before continuing upward movement.
Targets: 700, 900, 1100, 1300 sats .
Remember about SL!
50% FETCH.AI GAIN POTENTIAL - Wyckoff Accumulation. Here I have drawn what I believe to be the potential Phase E wave on the Wyckoff accumulation phase of Fetch.AI
FOr those of you have been following along with us for the last year, you will remember that we saw CELR and ONE all move in similarity, which you can go check yourself now if you would like. It is uncanny. It appears one of the whales is back and has been taking their time accumulating.
I am not great at the Wyckoff analysis as it is new to me, so if anyone else has an insight to this analysis please do not hesitate to share.
Our Entry now has a position just above the phase D accumulation area, with a stop loss around 10% below that, AS this play continues I will ladder in, for now, this is a small play looking at a potential of 50% gains.
Here is some more information on these accumulation periods and what to look for.
school.stockcharts.com
BINANCE:FETBTC