Fetch.AI FETUSDT - Elliott Wave + Ascending parallel channel!- Fetch.ai - FET - Rank #133 TOKEN.
- As per my Elliott Wave count, we are currently in the 5th wave, which can be huge!
- Also, we have an Ascending parallel channel with total 7 touches.
- FET Is prepared for another pump very soon!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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FETUSDT
Update on previous post, $FET looks great!Fet has broken out and retested the trend support. Nice bounce, retesting resistance. The chart also shows massive buy volume pushing the price above $1 before being brought down. There are some clearly massive buyers here. Keep a very close eye on $FET its time may be here shortly. Zoom out on the USDT along with the BTC pairs, it looks great.
Don't miss these prices. Clear use cases and lots of space to grow!
#FETCH #FET DAILY CHART TECHNICAL ANALYSISGiven the uptrend channels and approaching one of the important support levels, as well as the formation of a triangle-like pattern, one can expect the price to rise.
The Targets of this ascent achieved with Fibonacci clusters are:
target1: 1.1$
target2: 1.35
target3: 1.75
stop loss: 0.63
entry: 0.82-0.72
time: 1-5W
FETUSDT forming flag patternBINANCE:FETUSDT The current bearish divergence on MACD(1W) can be interpreted as a negative sign for our general bullish perception on the crypto market for legitimate projects. However, if we successfully manage to see a breakout for the current weekly flag pattern (closed bullish candle) we can expect to see new highs.
🥅 Fetch.AI -- Super clean accumulation(chop)The price is getting squeezed inside of the formation and will be forced to make a move either way. Symmetrical triangle is considered to be a continuation pattern, with higher odds of breaking to the upside.
Entry: buy at current price(lower part of the formation)
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About Fetch.AI:
Fetch.ai is a platform that aims to connect Internet of Things (IoT) devices and algorithms to enable their collective learning. It was launched in 2017 by a team based in Cambridge, UK. Fetch.ai is built on a high-throughput sharded ledger and offers smart contract capabilities to deploy machine learning and artificial intelligence solutions for decentralized problem-solving. These open-source tools are designed to help users create ecosystem infrastructure and deploy commercial models.
Source: coinmarketcap
FET FetchWhat is FET coin?
"FET is an Ethereum token that powers Fetch.ai, a decentralized machine learning platform for applications such as asset trading, gig economy work, and energy grid optimization. Fetch.ai's first decentralized finance application helps Uniswap users automate trading according to predefined conditions."
Where the prices of Fetch.ai (FET) will go in the future?
What is your opinion? Thanks for the comments.
This is not financial advice. Good Luck.
FET at the apex of the triangle! Keep an eye on this one!Here's a quick Look at FET 8 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a bigger break to the upside soon - the triangle ends in few days!
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
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The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.
Targets:
1. 0.82$
2. 0.885$
3. 0.97$
4. 1.03$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
FETUSDT Technical Analysis⏳ Spot
💎 FETUSDT has formed a symmetrical triangle. The price has got rejected by the resistance line. After the break and retest it is expected that the price goes higher
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.7600 - 0.7200
☕️ TP1 0.8500
🍺 TP2 0.8800
🍻 TP3 0.9500
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.6500
Good Luck 🎲
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