FETUSDI sold every single FET I had at around 2.50s in May 24 and I've not been really interested in it since then, apart from a few short term traders. It's always been a terrible asset to trade frequently, a pain to wait for it to do its thing and then everything happens in a matter of few weeks. As if it's not enough, the merger made it even less attactive.
Anyway, this chart is from December and finally it's in my buy zone. If the qFVG doesn't hold, then i think it'll go down to htf golden pocket for a 98% retrace from ATH. The team behind is relentlessly building and making partnerships, so i think its time can come again.
FETUSD trade ideas
After an 80% Drop, Is FET Finally Ready to Reverse?Exactly one year ago, FET reached its all-time high of $3.5, but since then, it has experienced a steep decline of over 80%.
However, the coin has recently found strong technical support around the $0.45 zone, which, in my view, signals a potential rebound on the horizon.
Currently, FET is trading near $0.52, and from a psychological standpoint, being around a key round number and its Binance listing price, we could see a bounce from these levels.
With this in mind, I anticipate a trend reversal, with an initial target of $1 in the near future. Additionally, $0.80 stands as a significant resistance level and could serve as an interim target before further upside movement.
From a risk-reward perspective, this setup offers an attractive 1:5 ratio
Breakout on the horizonLooking on the daily timeframe, we've seen a clear downtrend from the $2.24ish highs, with price respecting this descending trendline for months. However, we might be approaching a significant reversal opportunity.
If price can close decisively above the trendline, this could trigger a significant rally targeting the $1.00 psychological level first, with potential to reach the $1.05-$1.12 zone.
Entry strategy:
Stop loss below recent low at $0.46
First target: $1.00
Second target: $1.12
50% Jump incoming!Price has reached a critical support zone - Looking for strong rejection or breakdown.
Bollinger Band Contraction
Bands (purple lines) showing significant narrowing
Price consolidating near the lower band
Squeeze pattern suggesting imminent volatility expansion
TTM above zero line
VFI (Volume flow indicator by Markos Katsanos) (not shown on chart)
Crossing above zero line - buy signal
Given the bearish context, any long positions require tight stops
FET Building familar structureFET 8H chart--Same structure building as last time
BULLISH SCENARIO: from this range we continue up to the next "high traffic" area ($1.20-1.50). This would be a 50% move or so, def an area to take profit. If $1.20-1.50 gets flipped and holds, price should move up into the trendline.
BEARISH SCENARIO: Price rejects here and moves down to stophunt the FEB low around .60. This is where we should see a nice reaction to the upside.
Thanks for reading!
Did you add these stocks to your profile as I told you?RBLX did almost 100% and HMAX even more. BABA, GOTU, Xinyi and PYPL are still in the accumulation phase and ready to move hopefully this year.
Ethereum and Altcoins offered good entry two days ago. I will be targeting 15-20K for Ethereum.
Disclaimer: Do your own analysis. Not a financial advice
FETUSD H&SHead and Shoulders Formation
Fetch.ai (FET) against the US Dollar (USD) has formed a classic head and shoulders (H&S) pattern, which is one of the most reliable reversal patterns in technical analysis. The price has recently broken below the neckline, a critical support level, and is now expected to retest the broken support structure to confirm the pattern's validity. This development suggests a potential shift in market sentiment from bullish to bearish, and it’s worth exploring the implications of this pattern in greater detail.
1. Breakdown of the Head and Shoulders Pattern
The head and shoulders pattern is a bearish reversal formation that typically occurs at the end of an uptrend. It consists of three distinct peaks:
Left Shoulder: The price reaches a high, retraces, and forms a trough.
Head: The price rallies to a higher high, surpassing the left shoulder, and then retraces again.
Right Shoulder: The price forms a lower high, failing to reach the height of the head, and then breaks below the neckline, which is the support level connecting the troughs of the left shoulder and head.
The breakdown below the neckline confirms the pattern and signals a potential trend reversal. The price often retests the neckline from below before continuing its downward move, which is what we’re currently anticipating in FET/USD, my area of immediate target is 0.80000.
What do you think of this analysis?
FET 4-hour ... Long order in play.I had an order waiting. Another one further down also.
I need to reanalyze all this.
See what happens. Under 1 dollar for FET is a good value I believe.
If it dips, then I have an adjusted cost average entry.
Volatility is very high with FET.. Just look at the last time I sold some bags... its 65% higher than now.
There's nothing wrong with buying on the way down, if what seems like PA is bottoming, and nearing a turning point.
FETUSD Long Just for an educational purpose and not for financial advice for my analysis.
I love using support and resistance analysis, if you study my work, you will see I am a fan of that, in anycase, this pair is on strong support area on the daily candle.
Kindly check and let me know what you think.
moment of truth for FET coming very soon to determine the futureFET behaved weaker than expected before (see dimmed trendline drawn before)
it also wicked out below major support, which is not great, though not too horrible either.
It adds to weakness -- strong selloffs, followed by weak rallies
Either way, we approach a crucial short term trendline. Breakout and we can expect more growth short term for the weeks ahead. Followed by another major decision point.
If we go down, we can break down lower.
Not trading this for now until I see strength. Neutral.
Fetch.ai: Lower Once More?So far, Fetch.ai has remained just above the upper edge of our blue Target Zone between $1.09 and $0.81. However, we primarily expect the coin to dive deeper into this price range to complete the blue correction wave (ii). On the other hand, if this intermediate correction has already been completed with the low on December 20, FET will bypass our Zone and rise directly above the two resistances at $1.54 and $2.19 during the blue wave alt. (iii) directly (37% likely).
FET 4-hour .. Where's the bottom? When to buy?Have the left-over money to re-invest into FET. around $650
Where to enter. Yeah that's a tough situation.
"Yeah I'm gonna catch the bottom"
It's possible if your sitting on your computer all day long, not probable.
I like to place an order incase I am not at home.
#1...I am comfortable stating that FET will go up and create new highs one day, most likely next year.
#2...Buy on the way down or the dip after major indicators are looking very exhausted. "Possible that is now"
#3...4-hour MACd usually has one more dip in it as it turns and heads upwards, at some point before crossing into positive territory.
Those items are part of the thought process. I have 500 or 600 coin purchase points, which will be more than the original 401 I had had.
For now I will place the order to buy down at the 96 cent level. .. the $1.30 will be reserved for a trade in, if PA decided not to go lower.
All together I might miss an entry point in the near future.
PA could indeed march down -72% to 63 cent level... This is a situation that is still in play, beware.
Another stop loss should be applied. or.. because the deep dives are usually quick to recover then not stopping out...
If that happens, a cost averaging play could be a solution or just wait for PA to gain back all the lost PA.
Fet , bullrun targetsArtificial super intelligence alliance, bloody hell the name freaks me out :)) whether you like it or not AI is devouring us , the development pace is just mind blowing and it gets into crypto aswell . Don’t leave a basket empty of AI projects specifically this one . I have some macro targets that can be useful in the way , I got them with a lots of measurements lol , have a good night my friends .