FET/USDT bullish momentum? 👀 🚀 FET Today analysis💎 Paradisers, turn your focus to FETUSDT, which is currently navigating within a demand zone, showcasing a pronounced likelihood of a bullish trajectory..
💎 FetchAI has consistently moved within a descending channel. However, recent activity suggests a retest of its support zone, followed by a bullish inclination. As it surpasses the EMA 55, the probability of sustained upward momentum becomes more pronounced. Here are the potential scenarios to consider:
💎 If it approaches the .2119 threshold, there's a higher probability that it might aim for elevated levels. Interestingly, despite many novices potentially shorting this coin around this level, the odds lean towards a bullish outcome. Should it further ascend past the .2278 supply level, the probability of it nearing the resistance zone increases.
💎 On the flip side, if FET price descends below the .1991 support mark, the likelihood of a bearish downturn becomes more significant. As always, it's crucial to approach the market with a blend of strategic insight and caution.
FETUSDT
FET/USDT Break the Descending Channel, Upward Momentum ??? 💎 FET has undoubtedly garnered our attention. Recently, FET triumphed in breaching the Descending channel pattern. In the lower time frame (LTF), FET is in the midst of a retesting phase, poised for further ascension.
💎 Probability Its eyes are set on the Supply area, a critical juncture for affirming a bullish stance. A successful breakout here is crucial. However, failure to do so could see FET retreating to nearby support levels to gather fresh momentum.
💎 However, there's a risk. If FET's breakout proves to be a false dawn, it could spell trouble. A return to the demand zone without sufficient buying pressure, leading to a breach below, could initiate a worrying slide for FET, potentially extending down to the next substantial Key support zone.
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
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
Fetch.ai (FET) Price Dips in September – October's Direction UncThe price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend.
The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop.
Approaching the Ascending Support Trendline
Since its rejection from the $0.27 resistance area on September 3rd, Fetch.ai (FET) has experienced a downward trajectory. However, it’s not all bad news.
FET's price has been following an ascending support trendline since June 2022. Recent validations of this trendline occurred on August 17th and 22nd. These instances were marked by long lower wicks, which indicates buying pressure.
The pace of increase accelerated after the last validation, propelling the FET price to $0.27 on September 3rd. However, it failed to breach this resistance level, which has persisted since May, resulting in the ongoing downward movement.
In order for FET to commence a new bull run, it will need to surpass the 100 Exponential Moving Average. The 100 EMA acts as a mobile support and resistance. Currently, the 100 EMA is above the price, therefore the indicator works as a resistance.
Williams %R is another indicator that we should look at. The Williams %R is a momentum oscillator that gauges the market. If the indicator is below -80, it means FET is oversold and expected to bounce back. If it is above -20, it is overbought and expected to fall back again. Currently Williams %R is approaching oversold levels, which coincides well with the ascending support trendline.
Looking Ahead: FET is approaching an ascending support line, and the Williams %R is approaching oversold levels, which make a rebound on the table. However, for a rebound to take place, the price needs to break above the 100 EMA first.
FETUSDTFETUSDT is trading in fine bullish trend and maintaining well the bullish trendline.
Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from pointed arrows on the chart.
Currently the price is retracing to the inclining trendline and again it is being expected that the bulls are ready to attack.
if bulls take the charge this time too the next target could be 0.2400.
Long trade #11 for Fetch.ai FET price with short stop-orderYesterday, the FETUSDT price behaved relatively restrained amid a rather rapid drop in the BTCUSDT price.
Buyers managed to keep the FET price above the trend line, which has been in place for about a month.
So today we will try to take a long as close to the same trend line as possible with the shortest possible stop order:
Enter = 0.2206
Stop = 0.2169 (- 1.7%)
TP = 0.2590 (+ 17.6%)
P/L ratio = 10.5
We allocate $10,000 for this trade
In the event of a mistake, we will lose $170
If the trade will success, we will receive a profit of $1760
What do you think about this trade, and what is your vision? Write about it in the comments!
Selling pressure is weaken | Potential LongDaily Chart
Fetch.AI has broken out resistance by descending trend line and gone up to 0.27xx
Now, it's pulling back to support around 0.227x
Chart 4H TF
BINANCE:FETUSDT is trading at 0.232x and in retracement phase.
Fetch has support around 0.227x
Seem selling pressure is weaken that's showed by last 4 candles with long wick
Need to observe what happen around this area
Wait for next move
FETUSDT idea and signalFETUSDT | Fetch.AI vs Tether
Hi traders,
Please note that the price of Fetch.AI (FETUSD) is currently experiencing short-term neutral fluctuations within a range (price range between $0.2595 and $0.2450).
Additionally, you should consider the possibility of the formation of a flag pattern, and if the support at $0.2450 is broken, this signal will be invalidated, and we may witness a price decrease.
When initiating this buy trade, set your stop-loss at $0.2400.
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
FET – Next Pullback Will Reveal if it’s Bullish or BearishPros:
1. On August 17th, FET deviated below the range low in an SFP.
2. Since August 17th, it has been making higher highs and higher lows on the daily chart.
3. On September 2nd, the 21D EMA crossed above the 50D EMA and above the 200D EMA.
4. Today (September 3rd), FET breached the range-high at 0.2558.
5. Volume is rising on the green candles and declining on the red candles.
6. Generally, FET is outperforming similar assets such as AGIX, when in the past they moved together.
7. On the 1H TF, we have seven consolidation candles below resistance. IMO, consolidation below resistance shows that demand is strong and not likely to break down.
Cons:
1. The RSI is a bit elevated. The daily RSI is at 70. FET is close to the oversold level.
2. FET did not test the range high as support.
3. In general, the market is in a downtrend. This presents some headwinds to an asset trying to swim against the current.
Neutral:
1. When an asset outperforms the market and it is at resistance, this is when the short sellers get in. This could be a positive (short squeeze) or a negative (overwhelming sell pressure).
2. The next resistance is at 0.2825.
Possible Bullish Scenario:
• FET continues its upward trajectory toward the next resistance level.
Pull back to the range high to test it as support and continuation up.
Possible Bearish Scenario:
• This deviation above the range high is a liquidity grab before the downtrend resumes.
Conclusion:
Patience. Let FET show its hand.
Long Trade: If FET tests the range high as support, I will long:
• Entry: 0.255
• SL: 0.2465 (Below the consolidation candles)
• Target: 0.31
• TP: 0.2855
• R: R to first TP: 1:2.8
Short Trade: If FET goes below the range high and tests it as resistance, I will short.
• Entry: 0.255
• SL: 0.265
• Target: 0.1728
• TP: 0.2
• R: R to first TP: 1:5.5
NFA.
What do you think? Please share in the comments.
Best Wishes.