FETUST trade ideas
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.
Fetch.ai (FET) Price Dips in September – October's Direction UncThe price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend.
The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop.
Approaching the Ascending Support Trendline
Since its rejection from the $0.27 resistance area on September 3rd, Fetch.ai (FET) has experienced a downward trajectory. However, it’s not all bad news.
FET's price has been following an ascending support trendline since June 2022. Recent validations of this trendline occurred on August 17th and 22nd. These instances were marked by long lower wicks, which indicates buying pressure.
The pace of increase accelerated after the last validation, propelling the FET price to $0.27 on September 3rd. However, it failed to breach this resistance level, which has persisted since May, resulting in the ongoing downward movement.
In order for FET to commence a new bull run, it will need to surpass the 100 Exponential Moving Average. The 100 EMA acts as a mobile support and resistance. Currently, the 100 EMA is above the price, therefore the indicator works as a resistance.
Williams %R is another indicator that we should look at. The Williams %R is a momentum oscillator that gauges the market. If the indicator is below -80, it means FET is oversold and expected to bounce back. If it is above -20, it is overbought and expected to fall back again. Currently Williams %R is approaching oversold levels, which coincides well with the ascending support trendline.
Looking Ahead: FET is approaching an ascending support line, and the Williams %R is approaching oversold levels, which make a rebound on the table. However, for a rebound to take place, the price needs to break above the 100 EMA first.
6% up from the post. Time to change colors back to neutral $FETIve heard adding more colors to your charts make the price go up fast NYSE:FET
FETUSDT will rebound and pump soon NYSE:FET is currently retesting the horizontal support at $0.2 and #MA100. If a successful retesting both of the support level and #MA100, NYSE:FET will rebound and pump soon. RSI is suited to the neutral regions but the #MACD crossover is losing the bearish momentum.
FETUSDTFETUSDT is trading in fine bullish trend and maintaining well the bullish trendline.
Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from pointed arrows on the chart.
Currently the price is retracing to the inclining trendline and again it is being expected that the bulls are ready to attack.
if bulls take the charge this time too the next target could be 0.2400.
Long trade #11 for Fetch.ai FET price with short stop-orderYesterday, the FETUSDT price behaved relatively restrained amid a rather rapid drop in the BTCUSDT price.
Buyers managed to keep the FET price above the trend line, which has been in place for about a month.
So today we will try to take a long as close to the same trend line as possible with the shortest possible stop order:
Enter = 0.2206
Stop = 0.2169 (- 1.7%)
TP = 0.2590 (+ 17.6%)
P/L ratio = 10.5
We allocate $10,000 for this trade
In the event of a mistake, we will lose $170
If the trade will success, we will receive a profit of $1760
What do you think about this trade, and what is your vision? Write about it in the comments!
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