FET - Cup and handle, bullish ideaLevels for FET - Weekly chart. Cup and handle.
In its entire existence, it has not retested the gold pocket on Fibonacci.
Perhaps it would have been better to retest 0.5, but even without such a retest, it formed a Cup and handle pattern.
This is how I see it developing in the long run and in a bull market.
FET is an AI token, so we can expect some serious development and a strong community too.
I paid attention to it because it has been holding extremely steady throughout 2023 amid the collapse of alts.
It's a bit risky at the moment because it misses the EMA 200, 50 and 21
With a serious downtrend in the market, it's possible it could go down to 0.5 or 0.618
Fibonacci levels. Would be great for accumulation. And I hope the rebound will be quick
Disclaimer: I am not a professional trader. And this is not financial or investment advice. Many other important indicators are not included. For project stability and quality, always do your own research.
