Selling pressure is weaken | Potential LongDaily Chart
Fetch.AI has broken out resistance by descending trend line and gone up to 0.27xx
Now, it's pulling back to support around 0.227x
Chart 4H TF
BINANCE:FETUSDT is trading at 0.232x and in retracement phase.
Fetch has support around 0.227x
Seem selling pressure is weaken that's showed by last 4 candles with long wick
Need to observe what happen around this area
Wait for next move
FETUSDT trade ideas
FETUSDT idea and signalFETUSDT | Fetch.AI vs Tether
Hi traders,
Please note that the price of Fetch.AI (FETUSD) is currently experiencing short-term neutral fluctuations within a range (price range between $0.2595 and $0.2450).
Additionally, you should consider the possibility of the formation of a flag pattern, and if the support at $0.2450 is broken, this signal will be invalidated, and we may witness a price decrease.
When initiating this buy trade, set your stop-loss at $0.2400.
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
FETUSDTFETUSDT is in distribution phase.
Bearish divergence also form in RSI.
If it breaks the neckline then trend will goes into the bearish phase.
We wait for the breakout of Neckline.
#FET/USDT 30%+ Potential Rally.The market is showing signs of slowing down, indicating potential upcoming volatility. I'm placing my bets on altcoins for the next 3 to 4 days. Altcoins with strong setups can be traded cautiously. Here's one that I am looking at:
#FET trade setup.
It's a strong coin. If you're interested, consider slowly entering positions.
It recently broke out in the shorter timeframes and is now retesting."
Daily looks way better, it's a good sign.
$.255 to $.235 is a good range to accumulate.
Stop Loss $0.233
DYOR, NFA.
Please hit the like button if you want me to post more trade setups.
Let me know what you think in the comments section.
Thank you
#PEACE
FET – Next Pullback Will Reveal if it’s Bullish or BearishPros:
1. On August 17th, FET deviated below the range low in an SFP.
2. Since August 17th, it has been making higher highs and higher lows on the daily chart.
3. On September 2nd, the 21D EMA crossed above the 50D EMA and above the 200D EMA.
4. Today (September 3rd), FET breached the range-high at 0.2558.
5. Volume is rising on the green candles and declining on the red candles.
6. Generally, FET is outperforming similar assets such as AGIX, when in the past they moved together.
7. On the 1H TF, we have seven consolidation candles below resistance. IMO, consolidation below resistance shows that demand is strong and not likely to break down.
Cons:
1. The RSI is a bit elevated. The daily RSI is at 70. FET is close to the oversold level.
2. FET did not test the range high as support.
3. In general, the market is in a downtrend. This presents some headwinds to an asset trying to swim against the current.
Neutral:
1. When an asset outperforms the market and it is at resistance, this is when the short sellers get in. This could be a positive (short squeeze) or a negative (overwhelming sell pressure).
2. The next resistance is at 0.2825.
Possible Bullish Scenario:
• FET continues its upward trajectory toward the next resistance level.
Pull back to the range high to test it as support and continuation up.
Possible Bearish Scenario:
• This deviation above the range high is a liquidity grab before the downtrend resumes.
Conclusion:
Patience. Let FET show its hand.
Long Trade: If FET tests the range high as support, I will long:
• Entry: 0.255
• SL: 0.2465 (Below the consolidation candles)
• Target: 0.31
• TP: 0.2855
• R: R to first TP: 1:2.8
Short Trade: If FET goes below the range high and tests it as resistance, I will short.
• Entry: 0.255
• SL: 0.265
• Target: 0.1728
• TP: 0.2
• R: R to first TP: 1:5.5
NFA.
What do you think? Please share in the comments.
Best Wishes.
FET Buy TradeHere is My Study On FET.
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This Is Not A Finacial Advise
📉FETCH.AI --> 0.17$ then 0.25$ 📈BINANCE:FETUSDT
COINBASE:FETUSD
Hello Traders, please check out my previous ideas.
If the price stabilizes above the weekly Bollinger midline, the short scenario won't be fulfilled.
targets are on the chart.
Optimum stop-loss is above the 0.16 level.
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
#FET/USDT ANALYSISFET breakout the symmetrical triangle with an increasing volume. High volume and RSI keep holding above MA14 is showing bullish momentum. MA200 is suggesting a bullish trend. A continuation of the bullish move is expected from here or after the successful retest of the symmetrical triangle.