The 
FHE token on the daily chart is forming a symmetrical triangle, signaling a period of consolidation after a volatile uptrend. The price is oscillating between converging trendlines, with support at $0.070 and resistance at $0.095, suggesting a breakout is imminent. The 50-day moving average (MA) is trending above the 200-day MA, maintaining a bullish bias, but the flattening MAs indicate fading momentum. The Relative Strength Index (RSI) at 52 shows neutral conditions, with no clear overbought or oversold signals. The MACD is converging toward the signal line, hinting at a potential crossover that could dictate direction.
Volume has been declining within the triangle, typical before a breakout, but recent spikes suggest accumulation. A close above $0.095 with strong volume could target $0.120 (a 26% move), aligning with the 1.618 Fibonacci extension. Conversely, a break below $0.070 may test $0.058, a key support from prior lows. On-chain data (if available) showing increased wallet activity could bolster the bullish case, but broader crypto market sentiment remains a factor.
Trading Plan:
Buy Zone: $0.072–$0.075 (near support).
Stop Loss: $0.068.
Take Profit: $0.095, $0.120.
Bearish Scenario: Short below $0.070, targeting $0.058.
Traders should monitor Bitcoin’s price action, as altcoins likeFHE often correlate. Risk management is critical—use tight stops and avoid over-leveraging in this volatile market. Confirm breakouts with volume before entering trades.
FHE token on the daily chart is forming a symmetrical triangle, signaling a period of consolidation after a volatile uptrend. The price is oscillating between converging trendlines, with support at $0.070 and resistance at $0.095, suggesting a breakout is imminent. The 50-day moving average (MA) is trending above the 200-day MA, maintaining a bullish bias, but the flattening MAs indicate fading momentum. The Relative Strength Index (RSI) at 52 shows neutral conditions, with no clear overbought or oversold signals. The MACD is converging toward the signal line, hinting at a potential crossover that could dictate direction.Volume has been declining within the triangle, typical before a breakout, but recent spikes suggest accumulation. A close above $0.095 with strong volume could target $0.120 (a 26% move), aligning with the 1.618 Fibonacci extension. Conversely, a break below $0.070 may test $0.058, a key support from prior lows. On-chain data (if available) showing increased wallet activity could bolster the bullish case, but broader crypto market sentiment remains a factor.
Trading Plan:
Buy Zone: $0.072–$0.075 (near support).
Stop Loss: $0.068.
Take Profit: $0.095, $0.120.
Bearish Scenario: Short below $0.070, targeting $0.058.
Traders should monitor Bitcoin’s price action, as altcoins like
FHE often correlate. Risk management is critical—use tight stops and avoid over-leveraging in this volatile market. Confirm breakouts with volume before entering trades.
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.
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.