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!
FetUsdt Strong with trading opportunity for day tradersHI everyone,
The current bullish momentum Illustrates that FET token has more upward legs to go with a target of .81 to .85 cents after it breaks horizontal resistance marked with red line
Remember this is one hour chart and this is for short term trading.
Rsi is strengthened above 50 as long as its above 50 momentum continues to upside
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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.
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
FETUSDT IDEAUPDATE
Breaking Falling Wedge in 12H timeframe.
Successful break out can initiate 25-30% Bullish move.
COIN DETAILS
The live price of Fetch.ai is $ 0.561934 per (FET / USD) with a current market cap of $ 467.28M USD. 24-hour trading volume is $ 36.40M USD. FET to USD price is updated in real-time. Fetch.ai is +0.14% in the last 24 hours with a circulating supply of 831.55M.
FET ANALYSIS (4H)From where we entered "Start" on the chart, it looks like a bow tie diametric, and now we are completing the F wave of this diametric.
We have a supply range on the chart, which we have marked with red color. We can expect wave F to end in this area and see a drop for wave G.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
FETUSDT - Heading towards the next resistance line ^BINANCE:FETUSDT (4H CHART) Technical Analysis Update
FETUSDT is currently trading at $0.5686 and currently bouncing back from from support around 0.5358 and we expect it to hit the next resistance at around 0.6400.
Long Entry level: $ 0.5668
Stop loss: below $ 0.5206
Target 1: $0.5993
Target 2: $ 0.6400
Target 3: $ 0.7000
Max Leverage: 5x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Fet started it's juorney to da MoonThis a combination of harmonic and smc analysis of NYSE:FET coin for the coming days in shaa ALLAH , it may be correct 💯 or may not DYOR
Targets and stop loss are shown on the chart
This just an analysis not a financial advise, take the responsibility of managing your money