Fetusd
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?
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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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$FETNYSE:FET is currently trading in a range, GP/support at 0.2$.
it has a big resistance at 0.236$ which is POC,GP and may lows,
0.236$ needs to be reclaimed for continuation to the upside.
FET – Falling Wedge breaks Out to create Bull Flag
Please Read my previous FET idea for more context.
For now, it looks as if FET broke out of the Falling Wedge, and it is forming a Bull Flag.
Falling Wedge target: 0.422 USD
Bull Flag Target: 0.31 USD
Both targets have confluence with daily resistance level and can serve as TPs.
Final confirmation is when FET breaks above 0.2544 USD. You don’t have to wait for 0.25 to take the trade.
Trade Idea No.1:
Entry: 0.235 USD (approximately, break out of the Bull Flag)/
SL: 0.2040 USD
Target: 0.4223 USD
TP: 0.31, 0.4223 (leave some on the table)
R: R: 1:6
Trade Idea No. 2:
Entry: 0.254
SL: 0.2238 (below the Flag’s resistance line)
Target: 0.41
TP: 0.31, 0.4223 (leave some on the table)
R: R: 1:5.94
FET – Possible Reversal PatternTLDR:
• FET is reentering a Falling Wedge pattern. FET is testing the support trendline ATM. If the test is successful, it is a possible long opportunity with a close invalidation and great R: R.
Background:
• Fetch AI is in a correction since February 2023.
• This correction is taking the shape of a Falling Wedge reversal pattern.
• FET was on the cusp of a breakout on June 1st but couldn’t make it (see my previous FET idea).
• On June 10th, FET lost the support trendline, but it reclaimed it shortly after and it is now testing it for support.
• Should the retest be successful it could be an amazing entry with a close invalidation and huge reward.
My Trade Ideas:
1. Long upon a successful retest of the trendline
• Entry: 0.2 USD
• SL: 0.185 USD
• Target: 0.43 USD
• TP: 0.24, 0.31, 0.43. Leave a moon bag.
• R: R: 1:15
2. Long upon a successful break out of the wedge
• Entry: 0.24 USD (break out of the wedge)
• SL: 0.23 USD (approximate number, below the last daily candle)
• Target: 0.43 USD
• TP: 0.31, 0.43. Leave a moon bag.
• R: R: 1:10
NFA.
What do you think? Please share in the comments.
Best wishes to all.
FET possible Roadmap until June 2023This is the monthly chart of FET.
As you know, we had AI hype in Jan, and FET is one of the AI coins. The hype has just started, and 2023 will be an excellent year for this narrative.
The best buy zone for this correction would be ~$0.114-$0.183; you can accumulate FET in Q2 for the final run with a target above ~$2 in Q3.
Patience is key here, don't rush to get into the trade, wait patiently, and enter at the "right" time.
Please hit the boost button if you agree.
Thanks
✴️ FetchAI Simple 1,2 & 3 Sequence Confirmed! Nice Timing2021 Marked the peak/All-Time High for FetchAI which lead to a bear market downtrend in 2022. (#1)
To change from one trend to the next, a consolidation phase is necessary and this time it took this pair 6 months. (#2)
The market moves in cycles and what goes down, must come back up, but the up is better than the downside because we end up with new highs, a new All-Time High and years of growth. (#3)
We will see a new uptrend and it will take years before the cycle is complete. Prepare now and enjoy the profits/growth on the way up.
Then it will move back down and back up again... And the market will continue to move, grow and evolve while printing waves.
Some projects will be left behind, others will merge with other projects and evolve. A few are set to take the bigger share of the market, for us traders, it is important to diversify and not get marry to any pair, but adapt and change as things progress.
Stay strong, be safe... Make sure to plan ahead.
If you invest time in yourself, in your strategy and your trading, results should be great.
If you are reading now you have GREAT TIMING, and timing is really important.
Namaste.
FETCH.Ai long term more gain and shine 💣🚀💣Hello 🐋
we expect to see more gain for the price in log term targets 🚀💣
Brief explanation 📖👌💡
it brings forward a blockchain platform that takes advantage of artificial intelligence in an attempt to help people automate everyday use.
The aim for Fetch.ai is to become a completely open and permissionless network that leverages AI to create a decentralized system that help by machine learning to execute tasks on the blockchain.
Fetchai is an interchain protocol
it harnesses the power of artificial intelligence to implement automated applications that are P2P without any human interference.
Fetchai was launched back in February 2019 through an Initial Exchange Offering (IEO) on the Binance Launchpad.📖
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
FETUSDTFet lost important support and the closest support seems to be in the 0.25 range. I expect the trend to react to the price of 0.2650 and go back up to the 0.3 resistance. But in the end, everything depends on the trend of Bitcoin.
Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
Revision: Fetch weekly long gameI misspoke in my previous iteration. There's a hidden bullish divergence indicating a trend continuation on the weekly chart. Placing the long position with the SL at the previous swing low and setting a 2:1 P:L ratio it appears to be possible to attain a 50% return.
In the previous iteration I erroneously mentioned a 2x potential when it's a 1.5x potential.
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