Fetch.AI FETUSDT - Elliott Wave +Ascending Channel breaking out!- Impulse Elliott Wave has been completed with 5 successful waves.
- Now the main ascending channel is being destroyed by bears.
- Looks like the bull market is over for 90% of all altcoins.
- Only few altcoins can survive long term, maybe FET can be one of them, but we need a correction first before another push to the upside.
- HODL Is a bad strategy for altcoins, HODL can work only with Bitcoin. Altcoins need to be traded instead.
FET
$FET/BTC 12h (Binance Spot) Descending channel break & pull-backFetch is looking good for another rally after regaining 50MA support, let's enter on the retest!
Current Price= 0.00001143
Buy Entry= 0.00001122 - 0.00001040
Take Profit= 0.00001374 | 0.00001635 | 0.00002045
Stop Loss= 0.00000914
Risk/Reward= 1:1.75 | 1:3.32 | 1:5.77
Expected Profit= +27.10% | +51.25% | +89.18%
Possible Loss= -15.45%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months
Websites: fetch.ai docs.fetch.ai
Contract:
#ERC20 0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85
🚀 FET 🚀 KEEP YOUR EYES ON IT 🚀FET is above $0.58 horizontal resistance and 200 EMA.
If he can break the resistance, his targets will be;
$0.68
$0.88
$1.20 ath.
This is NOT financial advice, you are responsible for your own trading decisions.
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Let me know what you think below!
FETUSDTAfter the previous rally, FET is back to 0.382 Fibonacci level(0.4345) finding support here from the long term trend line date back since
Corona crash 2020. this would give us a chance to scoop some. As long the 0.382 ($0.4345)fib level hold long term looks promising for FET!
The next break out targets are $1.59 and $1.87
Invalidation Point:
Break of 0.382 fibs ($0.4345) 4H or higher TF, if this level is lost $0.30 is next
FET/BTC
Very CLear Trend From RSI. Whenever FET/BTC touch the long-term trend line price exploded after. can we Repeat?
As always:
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It’s not what I hope to happen or what I think might happen, I am just presenting to you the facts. I’m reading the facts in the charts to you and presenting to you the knowledge that you need to know to make more reasonable decisions. always do ur own research!
Bullish Double Bottom ? FET/BTC #FET $FET #FetchAILooks like FET just hit another Double Bottom last night on the daily chart . You'll notice we had a VERY similar pattern in late summer before a very nice run happened . I suspect we are doing the same thing now . We've hit a red TD Sequential 9 last night ( and that's the second one we've hit . ) Both of these form our double bottom . Some might say these bottoms aren't exactly the same but they can be within 3% and still be a valid double bottom and I think this is , It's just very similar to what we did in late summer . I believe FET is about to have another run probably leading into the next few months of 2022.You'll notice even our light and dark blue 50 and 200 MA lines look similar ! Target here could definitely be a little higher than our last top near 2500. I suspect we can hit 3200 area which is a very strong weekly resistance . Possibly even 3400 or 3500 . We can always go higher - it's a Bullrun and the market is very volatile . We will probably follow that Gann Fan up . First step up will bring us under the daily Ichimoku cloud .
FET has room to drop until the next demand zone. 1:3 trade ideaThe volume profile is showing us a nice level of demand, I think we will bounce off the bearish trendline until we reach some demand down there.
I have positioned the target in the breakout zone of the current bear move, thinking about a retest up there.