FETBTC bottoming process: Fetch.Ai support zones to watch
Updated
Fetch.Ai (FET) got the usual launch spike, but has been falling ever since.
There have been 2 clear Imuplses down, whose Ripples are well in control.
Expecting another small bounce, then a 3rd impulse to finish the retracement.
To be honest I am not trading this coin at all, too new for me.
But its behavior exibits the usual rythmic moves defined by Fibs.
So I thought to submit this plot for observation purposes not to trade.
There have been 2 clear Imuplses down, whose Ripples are well in control.
Expecting another small bounce, then a 3rd impulse to finish the retracement.
To be honest I am not trading this coin at all, too new for me.
But its behavior exibits the usual rythmic moves defined by Fibs.
So I thought to submit this plot for observation purposes not to trade.
Note
Looks like we finally hit a support that woke up the bulls. .
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.