FETUSDT trade ideas
Fetch.ai (FET) - Bullish divergenceSome alt-token sell offs are ridiculous. Have no idea who is selling after a 90% correction. The secret is to buy low, sell high.
On the above 1-day chart price action has corrected 90% since last November. Now is a excellent moment to be long. Why?
1) The ‘incredible buy’ signal.
2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action.
3) RSI resistance breakout.
4) Price action tests past resistance (see weekly chart below).
Is it possible for price action to fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: Don’t know.
Weekly chart - Price action testing past resistance
Candlesticks are in a spike phaseFET has registered more than 22% price growth in the past day. Strong buyers did not react negatively to the resistance of the $0.2116 range, and this level has now turned into support. Another resistance in the $0.380 to $0.405 can be the next target for buyers. The price is still in the overbought range in the daily timeframe, and the negative divergence is not observed. On the other hand, Candlesticks are in a spike phase, and this upward movement has slowed down. But the high power of buyers is still observed. Therefore, the levels you see on the chart can be the formation area of a range trend in the future.
FET : THE AI COIN THAT CAN EXPLODE TO 1 USD :CHATGPT FUNCTIONSWe did add before about the impact of AI, before the chat GPT was ready at END Nov 2022.
AI seems to become a trend, and more people getting interested in the view of AI.
One of the coins that are at the top of AI is FET
There are some trends that show that this coin has the possibility to become 1 USD with the hype of AI.
we will follow the coin for the coming time to see if it can break out.
FET Towards $0.3400Looking at the daily chart of FET/USDT, the FET price was swinging from $0.08231 to $0.1683 within the past 30 days after going to its lowest of the month at $0.08231. Bouncing back from the support level, FET seem to aim towards to the previous order block at $0.31. If FET is able to break out of the order block and rises higher, we can expect FET to reach $0.3400.
Meanwhile, our long-term FET price prediction for 2023 is bullish if it cannot break the support level. We can expect FET to reach $0.5 this year.
FET/USDT Chart Hi, I try to post often so if you could follow and boost the idea it would mean a lot to me.
In the past week AI coins have been performing very well but how high can they go? For me it can take a while until these coin 5X or 10X, for now its just a money grab and a mid term play. The coins have a lot of potential, but for me there will be better entries. FET has a great run, but I think I am finally confident on shorting these one. The market of the coin is overvalued and the coin will go below the 0.19$ area. We can also spot a bearish divergence in the 4H chart. This is NFA.
Good luck in your trades!
FET Fetch.ai little reminderI see people got so super euphoric about AI tokens.
But take a look where current PA is at.
Nothing bullish unless downtrend is flipped.
Since 4.236 was triggered, 8.236 remains actual target
Hold my beer pls
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No financial advice, do your own research, don't be stupid
✴️ Fetch.AI | BULLS ConfirmedI initially shared this pair 8-December... All targets have been hit and beyond (See below)...
It went beyond all the mapped targets but there can be more.
We see three waves.
The fourth should be a corrective wave and then the fifth another high.
Remember the saying... What one does, the rest follows.
Expect the entire cryptocurrency/altcoins market to follow.
FetchAI (FETUSDT) bullishness confirms the bullish wave we've been predicting for the past month.
It is now only a matter of time before EVERYTHING speeds up UP!. 👆
Thanks for the trust and support.
Namaste.
FET/USD doing another push upFetch did allready very nice moves and it seems it wants to do some more. In my analysis I see we are in Wave 3/5 in elliot-wave theory which is normally the longest from all upwaves. I see still a lot of upside for the whole project so this is a longterm coin for me. In the meantime it's not bad to trade it a little to the upside.
my first profit points in the next days/weeks are:
TP1: 0.194 (21%)
TP2: 0.25 (56%)
TP3: 0.31 (95%)
Good luck to you all