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FETUSDT

FETCH USD new wave up looks likelyFET has been in a down trend since its launch. The price is currently sitting below the moving average on the longer time frame charts (this is the 4 day chart) However the price action is going sideways and slowly rising and has started to approach the EMA (Length 20) Potential for at least 60% gains (resistance at the slower moving average (Length 50). Trend lines on chart show support and resistance levels. We are close to crossing over major resistance channel and it could indicate a reversal in which case longer term targets could be as high as 700%. RSI and Stoch RSI also show momentum is starting to swell upwards Set stop loss and trade wisely, trade is marked on the chart with the long position.
Long
by mrnav
FETBTC Technical Analysis Overview ( Bullish broke out )FET/BTC Technical Analysis: FET/BTC now Current price is 504 Satoshi. And now Falling wedge Broke out also done. We can see in Chart Broke out also confirmed with Good volume. Support Level: 456-475 Satoshi Strong Support and 407 Satoshi is All Time Support and Also we can say Last support. If this also break then we can see free fall till 200-300 Satoshi. Resistance: 600 Satoshi / 716 Satoshi. Targets: 600/716 Satoshi is our initial Targets. If Bitcoin will stable then 807 Satoshi is our last Target. Why buy..? Technically also looking very good and bullish Brokeout Falling wedge. Note: Not financial Advice. Follow me and also share and like guys.
Long
by CryptoPatel
FETUSDT formed bullish Shark | Upto 25% move expectedThe Priceline of world's 110th ranked cryptocurrency Fetch.ai (FET) has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of FET price action's moves: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.04532 to $0.04252 Sell between: $0.04783 to $0.05344 So this trade has potential to produce upto 25% bullish move. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
1
FETUSDT [Watchlist] : Breakout Attempt - When and How to BuyThe price action for BINANCE:FETUSDT is currently making an attempt for crossing-up the resistance area after few days of building-up just below. Depending on whether the current daily candle will close above the resistance, it will give traders a good opportunity to take a long position. Overview : since the Nov 22th low (at 0.0217) the price action has initiatedan upward move while making higher lows (i.e. green curves on the chart). Over the past few days, the price has been building up (grey box) just below the current resistance area between 0.06368 and 0.06059 (i.e. red rectangle ). The bullish structure formation since the Nov 22th low gives bulls good chances for potentially breaking-up the resistance area this time. FETUSDT-FETBTC Convergence : traders may notice a convergence by looking at the price action for BINANCE:FETBTC . The chart clearly provides the same bullish signs described in the BINANCE:FETUSDT chart. Finding convergence for an asset traded against two distinct assets generally a good sign. Here's a link for the BINANCE:FETUSDT chart : Risk management : given the elements described in the overview, traders might wait the current daily close to take position or not. If the price closes above the top of the resistance (i.e. 0.06369), it will be a bullish sign since buyers would have been able to push the price above the resistance. Profit targets and stop loss would be set based on the entry price. My Trading Principles : - Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. - Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit. - Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade. "Remember, plan the trade, trade the plan. Build that discipline." I will keep updating this trade according to the future price action. Please support this idea with your likes, thanks. Best regards, You can also follow me on : => Telegram : t.me => Twitter : twitter.com => Instagram : www.instagram.com => LinkedIn : www.linkedin.com
by jbadiabo