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