On the weekly chart, 
FHE appears to be forming a double bottom near $0.065, a level that held as support twice in recent months, indicating strong buying interest. The price is now testing the 50-week MA at $0.085, a pivotal level for confirming a trend reversal. The Stochastic RSI is climbing from oversold territory (below 20), suggesting diminishing selling pressure and potential for a bullish move. However, the Awesome Oscillator remains in negative territory, indicating that momentum is still weak—bulls need a flip to green bars for confirmation.
A Fibonacci retracement from the recent high to low projects resistance at $0.110 (50% level) and $0.140 (78.6% level), viable targets if the double bottom confirms. The Ichimoku Cloud at $0.150 poses a longer-term hurdle. On the downside, a failure to hold $0.065 could see prices slide to $0.050, invalidating the pattern. Volume spikes on dips suggest accumulation, but low overall volume warrants caution.
Trading Plan:
Buy Zone: $0.068–$0.070 (near neckline).
Stop Loss: $0.062.
Take Profit: $0.110, $0.140.
Bearish Scenario: Short below $0.065, targeting $0.050.
Traders should watch for a weekly close above $0.085 to validate the bullish setup. Project-specific catalysts, like Mind Network updates, could drive volatility. Always diversify risk—FHE’s low liquidity may amplify price swings. Check TradingView’s community for sentiment and cross-market correlations before acting.
FHE appears to be forming a double bottom near $0.065, a level that held as support twice in recent months, indicating strong buying interest. The price is now testing the 50-week MA at $0.085, a pivotal level for confirming a trend reversal. The Stochastic RSI is climbing from oversold territory (below 20), suggesting diminishing selling pressure and potential for a bullish move. However, the Awesome Oscillator remains in negative territory, indicating that momentum is still weak—bulls need a flip to green bars for confirmation.A Fibonacci retracement from the recent high to low projects resistance at $0.110 (50% level) and $0.140 (78.6% level), viable targets if the double bottom confirms. The Ichimoku Cloud at $0.150 poses a longer-term hurdle. On the downside, a failure to hold $0.065 could see prices slide to $0.050, invalidating the pattern. Volume spikes on dips suggest accumulation, but low overall volume warrants caution.
Trading Plan:
Buy Zone: $0.068–$0.070 (near neckline).
Stop Loss: $0.062.
Take Profit: $0.110, $0.140.
Bearish Scenario: Short below $0.065, targeting $0.050.
Traders should watch for a weekly close above $0.085 to validate the bullish setup. Project-specific catalysts, like Mind Network updates, could drive volatility. Always diversify risk—
FHE’s low liquidity may amplify price swings. Check TradingView’s community for sentiment and cross-market correlations before acting.
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.