FETUSDT Has Broken Above the resistance
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FETUSDT on Daily TF, Has broken above the triangle and is has been strong Bullish for last couple of days. We expect it to go higher.
⬆️Buy now or Buy at 0.36320
⭕️SL @ 0.25973
✅TP1 @ 0.67071
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FETUSDT
fet/btc inverse head and shoulders completing Possible bullish reversal forming for fetch.ai
There is a clear inverse head and shoulders forming right now.
The right shoulder is forming right now, and it's trying to break out of a falling channel.
If it breaks out of the channel with decision it's likely to complete the right shoulder in the near term and start an uptrend against btc.
On top of that the usdt pair is showing similar pattern.
It's hitting on the resistance, the more it tries, the more likely it's going to break it.
Fetch just got listed on coinbase pro, could be the catalyst for an incoming bull run.
This post is for pure education as usual.
FETCH analysis FETUSDAn idea for Fetch.ai
Scenario one suggests continuation of the uptrend channel even though the price is below the 200MA which is the differentiating factor between the last two moves up after Fibonacci transition
I find the scenario the optimistic one, and the bull one I am rooting for
Scenario two suggests 3.618 of the uptrend, acts as resistance, along with the 200MA, rejecting the price and forming a subtle double top (orange oval)
This is the bear scenario
When scouting for projects like this don't look for small trades like this, look for long term potential. And projects you want to be surrounded by. This is simply just an observation and to give a kick for the bulls and bears, whichever you favor for the coin (I assume mostly bulls)
FETFET appears to have completed a V complex correction off the 5ws up into May 2021, with BTCD getting momo into 4H I would like to see the reaction here. The massive triangle looks bullish to me and since my bias is that alts have bottomed (or bottoming) I think Fet will likely chop around this weekend while USA Stock Markets are closed. Then rseume uptrend to finally break the top TL and start another impulive 5 waves up. Lets watch
FETUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. We are moving in an uptrend. We saw a bullish pattern on the floor that raises the price. We drew a green line. If the price penetrates below this line, we can say that we are out of the uptrend. But as long as the price is above that line, we can see the price increase.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ETH Next Fib Targets PT1: $3,177 PT2: $3,740ETH is just doing a simple retracement b/w the .382 and .5 Fib retracements zones.
Next PTs for ETH using the 4 hour swing low and swing high points are as follows.
PT1: $3,177
PT2: $3,740
Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho.
Bonus Content: Ignore the FUD and look at the charts - will be doing a live stream tonight on Youtube and will go over macro BTC / ETH / Bull Cycles / Inflation / Econ 101 / and TA on your favorite altcoins (check my profile to see the link)
Also ETH did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for altcoins - some other Buy signals triggered were in COMP / LINK / MATIC
FET: Passed Critical Market Test - On Target for $9 by JulyFET is performing well in this BTC selloff, yet again another signal that this is going to be a monstrous altcoin season - the amount of capital that is in dollars right now is staggering and the fact altcoins didn't sell off as much as they normally would have signals to me that there is going to be a wall of capital moving into alts just like we saw in 2017 when BTC made a major selloff and alts didn't fall at the same rate.
This along with XRP, FTM, UNI, LINK, ONT, and RAMP (and potentially BID) should be big winners in this coming alt season which I see peaking by June... some coins will peak earlier as there are catalysts readying them for a monster move such as in XRP's case, the likely dismissal and/or dropping of the atrocious SEC lawsuit combined with the fact that XRP still hasn't surpassed its old ATH - a strong precedent for a outperformance.