FET/BTC dancing between fibs Last days/weeks we can see FET price moving between horizontal levels, if we measure last bigger move, we can see that price accumulating between fibs. if this will play once again, we can scalp on this altcoin 10-20% with SL around 5% down.
Also RSI on H1 tf looking bullish.
FETBTC trade ideas
we trying it againwe had a nice run up to 0.072$ and nicely 950sat around.
Now it's a difficult to see in coming 4-7days.
Normally with 17th dec. next staking event and 19th dec. mainnet release, we should try to break 950sat again.
but, locked coins from past auctions will be unlocked now, it can push price hard down.
monday is the day to check buy it now or buy it lower at 540-590sat range.
good luck
FET/BTC TA Update (Bounce at Golden Support Area?)FET/BTC
FET is on a deep pullback and it's in the range of 0.5 - 0.618 Fib support area. If price can hold this level for the next 7 days,
I expect a bounce will take place as the 50 Day MA plus the ascending trend-line support will give an extra boost to make the trend rising again.
FET/BTC - DAILY CHARTHi, today we are going to talk about Fetch.ai and its current landscape.
It's of common knowledge among those who observe the cryptocurrency market for a while that this market can be unpredictable and extremely volatile. Even senior traders have stories to tell about gains and losses, due to incredible surges or horrific slumps of the price, learning a complicated and expensive lesson, in the best cases. This week the Traders of Fetch.ai had a similar experience, after the catastrophic slump of the price in the short period, raising concerns over the project stability, and casting doubts over market manipulation, if developers of the project had dumped their holdings or the exchanges had failed somehow. Independent of the origin of the sell-off the hard truth is that in an unregulated market, the eventual lack of liquidity could lead to market manipulation by only a few players that the buying power triggers a cascade effect, of stop losses and margin calls, creating a cycle of panic at the market. Usually, a situation like this could be avoided if crypto exchanges had a trading halt system to hold trades for a specific time so the market could have time to cool down the animosities. About the project itself, nothing happened to justify the sell-off. For a matter of fact their look to be the most shocked ones in this story.
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FET/BTC Daily Analysis - 48% Move UpHey traders, looking at FETCH.AI coin today trading on Binance.
If you're in my Telegram group, you would've known to take profits at this 1st sell target area of 762 sats, now targeting 1134 for an additional 50% move up.
Right now we're having heavy resistance at the 762 sat level, but we'll get through the turbulence. Anything under the 1st sell target is a great buy, and you can even zoom into a smaller time frame than the 12H to find quick hourly moves.
Buy @ 762 sats or lower
Sell @ 1134 sats
As always please do your own research, I am not a financial advisor.
FET/BTC TA Update (Break 200 Day MA or Pullback?)FET/BTC
FET is currently struggling to break above the 200 Day MA and previous support turning into new resistance.
Bearish RSI divergence is also adding stress for the price to move up further. If FET will unable to break this resistance within 24-48hrs,
We could expect the price to pull back into the support area to accumulate more buyers to step in.