FETUSDT trade ideas
Fetch AI Gartley PatternFetch AI (or ASI, depending on Binance's ticker update) has been in a consistent downtrend from its peak at $3.48. It appears in a bottoming range, forming a classic Gartley pattern.
Key Levels to Watch:
Immediate Test Levels: The price will likely test the $1.00 - $1.18 range soon.
Accumulation Range: Any pullback to the accumulation zone between $0.70 - $0.94 would present a strong buying opportunity.
Targets Upon Breakout:
Target 1: $1.76
Target 2: $2.41
Target 3: $3.10
Risk Management:
Stop Loss: Set at $0.50 to manage downside risk.
A close above the downtrend line will confirm the breakout, potentially driving the price towards the T1 and T2 targets. Keep an eye on any pullbacks into the accumulation range, as these could provide optimal entry points for a potential upside move.
Fetch.ai — Risk Of A Huge Drop (Again)!FET has experienced massive bearish pressure since it dropped below its consolidation area in June.
As a result, the token has dropped 60% in two months.
Based on the current chart pattern, the downturn isn't over yet. Contrary, we could see another vast drop soon.
FET currently trades in a bear flag. A break out to the bottom would likely send us to 0.50 levels.
A close below the lower trendline on a higher timeframe should give us a good chance to short, given that the broader market continues in its sideways move.
I will definitely watch this level closely!
FETUSDT bouncing from a major support!!Join our community and start your crypto journey today for:
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Hello everyone,
Let's analyze Fetch.AI (FET) both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Fetch.AI is an AI lab creating an open, decentralized machine learning network with an integrated cryptocurrency economy. Their platform democratizes access to AI technology by providing a permissionless network where anyone can connect and securely access datasets. Autonomous AI on this network performs tasks that utilize a vast global data network. Fetch.AI's model focuses on applications such as enhancing DeFi trading services, optimizing transportation networks (like parking and micromobility), managing smart energy grids, and improving travel systems—essentially, any complex digital system dependent on extensive datasets.
TECHNICAL ANALYSIS:
FET has undergone a significant 80% correction from its all-time high but is currently finding support at $0.712. This level is crucial for the coin's recovery.
Technical indicators are showing bullish signs:
Strong support levels: Price is holding above the 200 EMA on daily and 50EMA and 100EMA on monthly charts.
RSI nearing oversold: The RSI indicator is approaching the oversold zone, suggesting potential buying pressure.
Entry: $0.636 - CMP
Target: $4.5 - $5.6
If the $0.625 support breaks, a deeper correction towards $0.18 - $0.25 is possible, offering a potential accumulation opportunity.
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FET Re-Accumulation Time?It has been a while since taking any serious interest in crypto as things cool off.
Enough time, enough discount, new interest...
This is a weekly line chart of FET. Looking at the price action there has already been a typical but always hated 50% pull back to the lows.
This 50% pull back magically aligns with its last major broken resistance for a hopefull support resistance flip.
Looking at momentum and the curvature of the price action we can see it has reach max velocity in time for percentage of value loss. This is the point where we typically see a reveral. The culmination of the curve.
Measuring rate of change in our typical 15degree intervals we can see we are also ina time area for a typical reversal.
Momentum oscillator on the weekly is also in the seriously over sold area with momentum slightly just begining to shift to the upside.
Trading Plan: These are "signals" of a high probability buying oppertunity for at least a relief rally. There is a loss of momentum at critical support. Current plan is to DCA as price action confirms allowing to accomodate one more potential serious price drop. There is certainly room for another drop and would create an even better buying oppertunity BUT the current price is equally likely to hold as support.
FET Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
FET is down 80% from its all-time high and is currently holding support at $0.712. If this support holds strong, the price is likely to rebound to $3-$4.
The RSI is close to the oversold zone and is forming a hidden bullish divergence, indicating a bullish signal for FET.
Key levels:
- Accumulation: $0.460 to CMP
- Primary Resistance: 21 EMA at $1.424
- First Target: $3-$4
- Higher Target (Long-term): $10-$12
DYOR, NFA.
Thanks
#Crypto #FetchAI
Support and resistance levelsFetch.AI has reached the support level in the $0.70 to $0.74 range after a downtrend. This strong support level may play a crucial role in stabilizing the price and preventing further decline. However, there are not yet sufficient signs to confirm a trend reversal, and market reaction in this area should be closely monitored.
Support and Resistance Levels:
Support Levels:
$0.74 Level: This is a key support level, with the price currently fluctuating near it.
$0.70 Level: This lower support level may act as a backup if the $0.74 level is broken.
Resistance Levels:
$0.888 Level: This level acts as the first significant resistance, and breaking through it could indicate a return of buyer strength.
$0.948 Level: This higher resistance level, if surpassed, could further strengthen the upward trend.
FET is currently in a support zone that could act as a balance area. However, to confirm a trend reversal and the start of a new upward movement, the price needs to break through the key resistance levels at $0.888 and $0.948.
FETUSDTFETUSDT is trading in strong bearish trend and consistently printing LL LHs. and is about complete ABCD pattern at strong daily support level. And it looks like FETUSDT forming a local bottom here .
If the bullish rally starts from here , the next possible target could be 1.3500 followed by 1.800
FET - Bouncing back from the support zoneBINANCE:FETUSDT (1D CHART) Technical Analysis Update
FET is currently trading at $1.29 and showing overall bullish sentiment. The price has hit the support zone and held strong. We are seeing a clear bounce back from the support, which is a bullish sign and a good opportunity for a long trade.
Entry level: $ 1.303
Stop Loss Level: $ 0.910
TakeProfit 1: $ 1.487
TakeProfit 2: $ 1.644
TakeProfit 3: $ 1.876
TakeProfit 4: $ 2.329
TakeProfit 5: $ 3.336
Max Leverage: 3x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
Let's try this again - FET ShortFET has hit a 6.85 just as it did in its last market cycle top. I think that from here there is a chance that it dumps down to the 2.618 area as an initial dump. This is approximately around $1.22.
Once this initial dump takes place, it will likely do a nice bounce back upwards, which typically sets up another dump/short opportunity. This bounce will probably take us back up to around $2.50. So a nice long opportunity within a short opportunity. If this plays out as it did last time, you should be able to short down to around 57 cents. So first short - about 60%, counter trend long - 100%, second short op - 73%. That's IF this plays out the same way as it did last cycle.
If we just continue bullish - my next upward target is $4.52.
FET inside the descending channel The price of FET is moving in a descending channel and has recently bounced from the channel support and support zone (Green) at $0.784 - $0.830.
If the price break above from the descending channel middle line and $1.159 level.
If the price did not holds the support zone (Green) and the descending channel support we might see the price to the next support zone (Blue) at $0.453 - $0.525.
Fetusdt Great opportunityGreetings,
We've identified a promising Adam and Eve setup on FET, signaling the potential for a substantial rally in the near future. Building on the success of our previous analysis, particularly with regards to wave 3, we anticipate a similarly favorable outcome this time around.
It's crucial to capitalize on this opportunity by holding onto the coin, as indicated by the pattern's bullish implications. We advise exercising caution and implementing sound money management practices to navigate the market effectively.
All relevant targets have been clearly outlined on the chart to facilitate informed decision-making. Your valuable insights and opinions on FET are encouraged and welcomed for further discussion.