FETUSD trade ideas
AI CRYPTO FETUSD SEEKING STRENGHT IN PRICE CORRECTIONSSince its December 2023 peak, FETUSD has been in price correction; a successful close above 0.6415 could be a significant indicator of an upcoming upward surge for this AI-powered crypto.
N.B!
- FETUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
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FET at a crucial pointFET is at an interesting point. We had a spike in buying pressure on the 1D chart just above $0.50, which normally produces a price increase in the medium term, but there are a couple of channels on the 1-day RSI which are worth keeping an eye on. It's just about on the third touch of the upper limit of the downward channel so let's see if it breaks up or is rejected again. It's already broken the lower limit of the upward channel, showing some weakness. I think it's once more down before up for the bull run, but I'm not shorting here. Not financial advice.
FET Potential Accumulation ZoneLooking at the FET Daily chart it has undoubtfully been a big mover with very impulsive directional moves followed by massive sideways accumulation/distribution zones.
Bear Market low to current cycle high is nearly 1500%. An asset is never so high it can not go higher and never so low it can not go lower. Impulsive price rise is a sign of support and strength and FET has certainly had it.
The equally sized green boxes are the repeating average range of approximately 50% each at its extremes.
Looking at current price action and the overall crypto market a larger move to the downside is highly probable before pushing higher.
If we apply the 50% range to our current high it is correlating very nicely with the upward macro trend line, previous support, and aligning very nicely with the 50-62.5% golden pocket retrace level.
Current Trading plan is to wait, wait, and probably wait more until price shows clear signs of accumulation likely in the 40-.50 area with hopeful brake out in April/May. Hopefully produces another directional move to the upside with the all time high as a clear and obvious target 3x higher
Trade Well....
.382 on FetTake a look a bit closer
Looking at the dates in the past and basing this off of patterns we can see that back in the 5the of Sept. 2021 we had a retrace to the .382 on the fib retracment.
Here starting the New Year we see a similar pattern, moving back to the exact .382 mark.
After this pullback we see a sharp spike upwards to $1.20.
Assuming we’re doing the same pattern prepare for the push up before the full restatement before the true take off.
Fetch.AI may have completed its correction in in parity with USDI have nothing in favor of this cryptocurrency. However, it is one of those that achieved better performance in the initial phase of the artificial intelligence hype.
The peak of wave 3 was easy to identify during that period; optimism was very high, and a correction could easily start from there. In addition to the technical settings that were quite favorable for this to happen. Any experienced trader easily made profits with this information.
Absolutely normal movement in wave 4. It's interesting how the correction pattern was similar to the previous one (colored boxes).
I waited a long time until I saw a possible reversal setup. That's what I believe might be happening.
Some indicators are still not favorable. In a short-term operation, I wouldn't feel comfortable.
Thanks!
FET in a sizable inverse head and shoulder pattern.We can see that the right shoulder on the FETUSD chart has just now been completed and is retesting the neckline of the inverse head and shoulders for the 1st time upon its completion. Usually in these situations lately especially in the early phases of the bul market, we have seen several other cryptos do a headfake on their first attempt at breaking above the neckline of an inverse head and shoulder pattern..some times even 2-3 fake out breaks before the inevitable real breakout…so there is then a reasonable possibility that this could see at least 1 correction or pull back before the legitimate breakout up from this pattern. In the sideways market we would sometimes get as many as 5 head fakes before the real one…in phase 1 of the bull 2-3 but if we are entering phase 2 of the bull we may see these kind of patterns start to trigger with only one head fake and ossicle no head fakes at all. If it were to confirm a breakout here soon without any pull backs then the measured move target should have it heading to a 2x or so somewhere around 1.12-1.20. I plan on accumulating a little here just in case. If we are fortunate enough to see a pull back before the official breakout I plan on accumulating more then as well because at that point the gain will be more than a 2x once it occurs. *not financial advice* Always a chance that it gets rejected and dips below the head of the pattern too thus nullifying it…but that Din of thing hasn’t really happened since the sideways market so it. Is quite a low probability.
FETUSD (4H) - Bearish reversalHi Traders
FETUSD (4H Timeframe)
Waiting for the downward break of 0.460 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.549 would cancel the bearish scenario.
Trade details
Entry: 0.460
Stop loss: 0.549
Take profit 1: 0.405
Take profit 2: 0.316
Score: 4
Strategy: Bearish reversal
FETUSD Isn't done yet. 1.800 is on the way.Fetch.ai (FETUSD) is rising aggressively these last few days, fueled by the formation of a 1D Golden Cross. This is the 4th such bullish pattern within the long-term Channel Up since it started on the March 13 2020 market bottom. Every time this formation emerged, the price had already started a rally sequence (such as today's) but is nowhere near its end. In fact in most cases it registered the most aggressive part after the Golden Cross.
The 1D RSI's similarities of the November 2020 - February 2021 Bullish Megaphone are a testament that we are on a similar pattern, which then peaked just below the 1.5 Fibonacci extension. As a result, we remain buyers on FET, targeting 1.8000.
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Fetch steadyWe’ve been seeing fetch creep up with steady support from the $0.18 area we could see this have support all the way up to $0.65 or nearly $0.80 before a retrace back
$0.45–$0.50 area before making a move over $1…
Pretty impressive support on FetchAi if it’s anything like back in August of 2021 (orange oval) we could see these movements take place.
Good luck and have fun with it
FET AI Crypto Has More Upside Momentum!After the rejection last week, FETUSD has made a new high with more upside potentials.
N.B!
- FETUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#fetusd
#crypto
#ai
Fetch.ai - bearish trend might be finally overFetch.ai broke through the 200 day moving average on the daily graph last Monday. It’s the purple line that you can see on the picture.
I know there are many indicators visible which can make it for many blurly, but by using multiple indicators it’s better possible to make the most accurate analysis for myself.
The big red resistance shows important levels of possible correction points. From current price an increase of approx 50-60% is possible the coming days / weeks.
You won't believe how much FET is falling!The FET symbol exploded by more than 900% in the previous months and then entered a correction.
Where I wrote "START" on the chart is where the FET symbol entered the corrective phase.
In the corrective phase The FET symbol, after completing a bearish wave (wave A), is now oscillating in a neutral range, appearing to be completing a large bearish triangle. After the completion of waves D and E, the FET symbol enters a large bearish wave C.
I marked the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You