FETUSDT
FET/USDT - The art of buying cheapEminent correction in the Fetch.ai, because of a distortion wave of the price was detected. The asset will search for 61% of Fib Retracement, to test its healthiness of the initial movement. In H1 we can observe an inverted hammer, denoting so the begging of the correction.
Watch out with FETUSDT at this point! Be careful with FETUSDT! We see bearish divergence on the 1 minute chart and it looks like we have a complete rising 5-wave sequence. It needs to push trough 0.45 to become impulsive!
FET, time to shine?Hello traders,
Yesterday we talked about the possibility that FETUSDT could retrace after it soared 20%. We forecasted a classic A-B-C zigzag pattern that usually halts around the 61.8% Fibonacci level but we retraced slightly different this time!
FET retraced in a horizontal triangle that consists of five sub-waves that form a 3-3-3-3-3 structure labeled as A-B-C-D-E. Unlike the motive wave, which also has five waves, this pattern reflects a balance of forces and travels in a sideways pattern. The sub-waves are corrective and form patterns of threes.
We can count five sub-waves on a smaller timeframe so we think that this could be a buy opportunity for a short term trade with a nice upside potential. But first we need some confirmation by breaking through that upper trendline!
Stop: 0.3551
Target: 0.41-0.42
Goodluck!
FET [Fetch.ai] Another Overpriced Scam-ICOIt is what it is!
ICO price was like 0.000022 BTC which is 0.0867 USD or 0.00858 BNB.
And what now?! You can see Price is just 5 times bigger than ICO price!!!
They will take their profits very soon!
I expect price drop over next few weeks, for like a 50% down move. Be careful here and manage your risks in any situation. Chances to go up is small like a 1/10 that it will go up...
On 5min chart we can see bearish divergence in price and RSI.
Good luck and have fun!
FET/USDT looks ready to retrace!Hello cryptotraders,
We can't publish ideas on 1 min charts so we are doing it on the 15 min. We can count a clean 5 wave upward pattern on FET/USDT with bearish divergence on the 1minute chart. This means that FET will retrace in an ABC structure from here on.
A retrace like that usually stops at the 61.8% fibonacci level so keep an eye on that! We will keep you posted when it happens because we are eyeballing this coin for a short term long trade
Happy hunting!
