FETUSDT trade ideas
Bullish and Bearish Scenario - Daily ChartMarket Trend
The current market trend analysis shows mixed signals across different indicators. While we are challenging the 20-day MA on the daily timeframe, the distance from the 50-day and 100-day EMA confirms the persistence of a downtrend. The Average RSI touching the 50 level, yet staying below it, suggests that the RSI is attempting a reversal but has not yet shifted the overall trend. Conversely, the MACD presents an indication of an uptrend, with the 9-day EMA remaining below the 12-day and 26-day EMAs. However, a contracting histogram and decreasing bar sizes point to weakening momentum and a potential trend reversal back to a downtrend. This confluence of factors highlights the market's current volatility and the potential for a shift in trend direction.
Symmetrical Triangle, FIBs, Dead Cat Bounce and Liquidity.
The main support and resistance levels are found within the symmetrical triangle formed after a previous downtrend. This symmetrical triangle indicates a 91% chance of continued downward movement after exiting the triangle, and a 9% chance of an upward movement.
Bearish Scenario
To forecast potential downward price movement, I analyzed previous retracement levels, support, and impulse within the symmetrical triangle to determine the downward price target using Fibonacci extensions. The common pullback area might slightly exceed the 1.618 level before a reversal occurs. Based on this, the price before a pullback is projected to be $0.941.
Bullish Scenario
Examining liquidity on the 3-month timeframe reveals the highest concentration around the price level of $1.57, with approximately $88.9 billion in liquidity. As liquidity is often targeted, a "dead cat bounce" (a brief upward movement before a decline) to this level could occur before the symmetrical triangle pattern completes. This theory is supported by the golden ratio retracement level of 0.618, which is drawn based on the highest and lowest points within the symmetrical triangle.
Explore the liquidity here: www.coinglass.com
Additionally, due to market volatility and further liquidity around $1.034 (with $86.4 billion in liquidity), a reversal towards the upside may be expected once this liquidity is addressed.
My vision on $FET for the next year. After hours of analyzing trends and other factors, I have concluded that this coin should provide a substantial return based on all the data. The technical indicators and market sentiment seem to align favorably for this particular cryptocurrency. However, it's important to remember that the crypto market is highly volatile, and past performance doesn't guarantee future results. As always, it's advisable to invest only what you can afford to lose and to diversify your portfolio.
Fetch ai is about to melt facesI think we're in the same consolidation zone for BTC like we did when we broke out at the beginning of this year. What did fetchai, when btc consolidated at the highs? It pumped, and thats exactly what i think will happen again this week. After that test the resistance at 50 cents back and let the bulls take control. My two cents.
FETDont Sell Your Altcoins Now!!
Biggest Alt season Is Coming
200% gain is expected in FET
Keep an eye on it
#FET/USDT#FET
Our price is moving downward on a 4-hour frame and is rising from the current levels
We have a bounce from the lower border of the channel from the support area at 1.13
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is heading up and supporting it
Entry price is 1.20
The first goal is 1.38
Second goal 1.46
Third goal 1.57
#Fet 1D chartNYSE:FET 1D chart;
The $1,199 level is a strong resistance and it seems to be using it as a balance level.
If there is another possible pullback, it may hit the lower trend line.
It is moving towards a narrowing between the trends and it would not be a surprise if it makes an upward move after the squeeze.
We can consider OB levels as possible resistance zones. Therefore, it may make retracements from here.
FETUSDT Goes Upward If FETUSDT Close above yellow box which I share on My Idea, It Will follow the Fibonaaci Retrace ment on Daily time frame and Give Massive Gains. BITGET:FETUSDT
FETUSDT Bullish PennantFETUSDT technical analysis update
FET price has formed a pennant pattern on the 4H chart. It's a bullish continuation pattern. Once the price breaks the pennant pattern, we can expect a bullish continuation in FET.
Buy once the price breaks the pennant resistance line.
Stop Loss: 1.40
FETUSDT 1DFET ~ 1D
#FET It is only a matter of time for COINBASE:FETUSD to break through this resistance line. Target minimum 15%++ from here.
New Bullish Trend Is About To Start 📈 Perfect Bullish Structure Formed At The Chart ,There Is a Clear Bull Flag By The ABC Corrective Structure And Wave C Shaped Impulsive And Completed At The 1.1$ Area ,Currently The Price Rejected From The 0.618% Fibo Level And Playing Below The Important Trend Line ,The Main Trend Is Extremely Bullish And I Expect a Breakout But Before That Little Correction Below The Trend Line Is Expected
FET AI - SECOND SCENARIO
BINANCE:FETUSDT should be going down to $1.28 from there, I expect a bounce and it bullish continuation because on the daily timeframe which is considered a primary cycle, the volume is still pretty strong.
Unlike the first scenario, this one won't be going much higher but at least $6 is expected so when you get there, don't make the mistake of "oh we are going to the moon" and forget to take profit.
OTHER ANALYSIS
long FET for 2X profitsFET is now in high strong recommended area to buy
the price hit the Fibonacci 0.786 and showed a strong support LVL
also i broke the down trend and i guess I'll format cup and handle pattern before the up trend starts or VIAGRA candles
i recommend u to buy half of the amount at this price LVL and a Limit order with other half at 1.4$
BINANCE:FETUSDT.P
FET/USDT Plan FET/USDT is breaking the trendline resistance on the 4-hour timeframe. I anticipate a successful breakout with a potential 30-40% bullish move in the short term. This is not financial advice, so please conduct your own research (DYOR) before making any decisions.
FET USDTFET/USDT Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 1.299 Remember stop loss is your friend. Everything is on the chart.
Entry 1.299
S.L 1.241
T.P 1 1.347
T.P 2 1.420
T.P 3 1.502
Perfect bullish DivergencePlaced an order at $1.064 once price had already swept the low, price came back down and filled perfectly on the retest. You can see RSI and OBV showing a change in volume and momentum to the upside before price does.
Fet Preparing To Continue Its Bullish Momentum After Healthy CorSeems Like Crypto Market Has Already Completed Its Healthy Correction And Now Ready For Recovery Like Most Of Coins Showing Bullish Momentum Fet From One Of Them Seems Like Ready For Solid Recovery In Coming Weeks Breaking Falling Wedge In H12 Timeframe Incase Of Successful Breakout Expecting Massive Bullish Rally Towards New Ath
Expecting Move Towards 5$ Incase Of Successful breakout
FETUSDT Next Target $5.00!FETUSDT Technical analysis update
FETUSDT's previous resistance is acting as a good support. We can expect a bounce from this support level.
Buy zone : Below $1.25
Stop loss : $0.97
Take Profit 1: $1.50
Take Profit 2: $1.87
Take Profit 3: $3.10
Regards
Hexa
Is #FETUSDT Primed for a Major Breakout?Yello, Paradisers! Are you ready to dive into the latest action on #FETUSDT? Let's break down the crucial moves and key levels you need to watch.
💎Currently, #FET is hovering around the support zone at $1.488, showing signs of a potential upward swing. If it can maintain this momentum, we might see a successful retest of this support level, leading to a break of the descending resistance. This could open the door for a challenge against even stronger resistance zones ahead.
💎The price has successfully completed a retest phase and is now gearing up to surpass the descending resistance. Patience is key here; wait for a clear breakout above the descending resistance level before planning any trades to ensure you’re not caught in a false move.
💎As experienced #FET traders know, navigating the cryptocurrency market is like playing a strategic game. While the current bullish momentum looks promising, it’s crucial to have a Plan B. If #FET fails to maintain its momentum and starts to decline, look for a rally from the lower demand level at $1.368.
💎If #FET drops below this secondary demand level, it’s a signal to reassess your strategy. Be prepared to adjust your bullish outlook and modify your trading tactics to align with the evolving market conditions.
Stay sharp, stay focused, and as always, trade smart, Paradisers!
MyCryptoParadise
iFeel the success🌴
FET - Entering accumulation zoneThis one is hard to base solely on the charts just because Ocean Protocol (OCEAN), SingularityNet (AGIX), and Fetch.Ai just merged into Artificial Superintelligence Alliance (ASI). These aim to be leaders in the AI space and combining could show amazing strength.
Therefore, based on FET's chart it looks like a great accumulation range here's why:
-Holding weekly 50 MA (green MA)
- Double bottom on RSI (yellow line green arrows)
*The last time RSI bottom here was during the FTX collapse
It is possible to go a little lower into the "lower liquidity zone", but even at our current prices is a great time to start the accumulation process in case we do not drop in that zone.
FET Long Updateif BTC Remain bullish.
then this one has its potential for a bounce.
resting on 50WMA
FET is dropping to 0.85 and that's bullishThat is why a retest of NYSE:FET at $0.85 is healthy if it occurs.
Every time NYSE:FET has tested the Monthly 20 MA, it has started a macro rally from there.
