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Fetch.AI / TetherUS

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FETUSDT trade ideas

All aboard the FET Short Train!In my opinion FET is playing out a textbook top in the market currently. We are facing a potential top in Bitcoin much like the first phase of the bull runs in 2015/2016 and 2019/2020. We could play out a scenario similar to either one of these historical price history points. The conditions are perfect to start a full sized FET short position IMO. The first take profit zone for me would be around 31-36 cents, which is into the .618 golden pocket and just above it around support/resistance. The second take profit is within the .786 pocket around 17.6 cents to 23 cents. That is where I would expect FET to stop falling if we have a 2015/2016 like scenario and BTC finds support around 30K. If we get a 2019/2020 Scenario after a FED pivot rally in March (approximately), then the market will keep crashing hard in response to recession, and a big ultimate take profit zone could be around .05-.096 cents. It would probably be more profitable to start are new trade after the market bounces and fails at resistance in order to trade to these lows. Obviously use a stop/loss! Use it according to your risk/reward parameters. I will do my best to keep you updated! Thank you!
Short
by LoneWolf1425
1
FET Plan 0.08The FET graph is following an Elliott Wave pattern. This graph has a 1-2-3-4-5 subwave structure, indicating an impulse wave. It is currently in wave 2, which is a strong B, C fail flat correction. Now that Wave 2 has completed, the effect of a strong B, C fail flat correction is to go to wave 3X or super wave 3X, targeting Fibonacci extensions at 1.618 and 2.618 of wave 1. Wait for it to retrace to Fibonacci levels 0.382, 0.5, and 0.618, and then enter the trade at wave 2 to target Wave 3X.
Long
by show_onlyprofit
FET short IdeaWe had a nice rally along side BTC and the rest of the market including the stock market. In our previous Long trade we took some advantages of this rally. I will be entering a short from this position for these reasons: - Lower low and lower highs - the 21 EMA&SMA has been a significant level where price rejected on corrective rallies - Very strong support at the bottom of the range channel including the bull market support band - Also with all the bankruptcy rumours and FUD - not a fan Target: 0.49 Happy trading everyone
Short
by Tradeforthepeople