FETHi guys, I am very new to trading. This is my first idea being published. Please tell me if it is wrong way of thinking.
Forum Energy Technologies Inc (FET) (drilling, downhole, subsea, completions and production sectors of the energy industry) broke out above 200 MA in November and grew 100% since.
It is currently at the resistance around 22.70. I am thinking if it gets some more volume and breaks out, it will go to $27, after that no resistance till $38.
Any feedback would be appreciated!
FET
Target Practice FET/BTC #FetchAI #FET $FET Here we see our FET BTC weekly chart from Binance . You can see our colorful fib levels on the right side of the chart - and our possible price targets have check marks next to them . FET just had an AMA talk earlier today in their chat group and their chart looks great - now sitting over 900 sats . I predicted we would be hitting this area and that our next stop up will probably be 1550 - marked by the blue line with pink checkmark on our chart - because of course this was our high from last summer. And we should be revisiting 1550 fairly soon in my opinion . After we gain that level I would expect our targets to hit at the fib levels above us which should be as follows =
3420 - that's our .236 fib - I would say there is a very high probability of hitting this fib
5443 - that's our .382 fib
7077 - that's our .5 fib
8712 - that's our .618 fib and in a Bullrun year I would expect us to get here but that could be later in the year . Of course , our targets can also
go higher than this but let's take this one stage at a time. FET has a Mainnet end of March - so less than 3 weeks from today - everything looks great here !
April Jewels -3 Day Golden Cross in Apil ? FET/BTC #FetchAi $FETHere we see our FET 3 day chart on Binance . You can see our light blue 50 MA is looking to turn up into our dark blue 200 MA and that could mean a Golden Cross happening here on our 3 day chart as it just recently already happened on our 1 day chart ! In case you didn't know - a Golden Cross is extremely Bullish especially on higher timeframes like 1 day , 3 day , and 1 week charts . And a Golden Cross is when our 50 week moving average crosses up and through our 200 week moving average - which looks like it will happen on our chart sometime i n April where you see the rocket on my chart . This looks great already but add in the fact that FET is having a Mainnet at the end of March and you have an extremely great scenario for all of us who are trading or holding FET . I personally would like to see Fet approaching 5800 - 6000 sats in Summer but we almost certainly will go over 1000 sats soon and a target still seems to be that blue line on my chart near 1550 - which was our high from summer 2020 . Looks great and Good Luck !
Lovely Day FET/BTC #FetchAi $FET #FETHere we see our FET Btc 3 day chart from Binance . As you see we surged to 800 sats last night and we are now inside the 3 day Ichimoku cloud and that means we should almost certainly go to the top of this cloud near 875 sats where you see that pink arrow pointing . At that point I would expect to see a bit of consolidation before more rise - probably going up to revisit our high from last summer of 1550 sats - you can see that where the blue line is on my chart above us. Where this gets interesting is that when we get to the top of the 3 day chart near 875 that will have us wicking slightly into the weekly cloud ( the bottom of which is near 860 sats ! ) And it will be a truly lovely day when we enter that weekly cloud . Anyway FET looks great for the first half of 2021 and also has a Mainnet coming at the end of March .
High Hopes = FET Targets FET/BTC #FetchAi $FET #FETHere we see our FET BTC 3 day chart which shows our fib retracement levels . Fibs are generally good targets for upside on a bullish chart - and look to be our long-term targets for FET on Binance. You see that pink check mark on my chart ? That's a previous high near 1550 sats from last summer and looks like a good near-term target maybe sometime after the Mainnet of FET launches in March ( end of March,that is.) There can always be a pause and consolidation after that but the targets above us after that appear to be
3420 (there's strong resistance near here )
5443 - that's our .382 fib
7077 - that's our .5 fib
8712 - that's our .618 fib
9931 - that's our .706 fib
and there's still strong confluence near 5800 on the Kucoin chart. So hope you like my chart, thank you .
Hold The LIne FET/BTC #FetchAi $FET #FetHere we see our daily FET BTC chart from Binance . You see that pink arrow on my chart ? It's pointing at the dark blue 200 MA line .That's the 200 week moving average . It's a strong long-term indicator and you can see we are sitting on top of it . None of our candlesticks has closed below it . So we are still bullish in my opinion . I don't think we will break below that dark blue line , I believe FET will see a Golden Cross very soon ( a Golden Cross is when that light blue line which is the 50 MA will cross up and through that dark blue 200 MA . It'll break through . ) That will be a massive upside for us . FET looks fantastic so don't be worried by short-term pullbacks or a bit of ups and downs ,because in a volatile Bullmarket that's normal . Have a great day . Golden Cross idea linked below . Thank you .
Legend of The Golden Cross FET/BTC #Fetchai $FET #fetHere we see our FET daily chart from Binance . You'll notice we are about to have a very Bullish event on this chart ! The Golden Cross . What is a Golden Cross ? Well,that's when our light blue 50MA ( or 50 week moving average ) is going to cross up and go through our dark blue 200 MA ( or 200 week moving average. ) These are long-term moving averages and are fairly good indicators of bullish upside coming when they cross like this ! You see the purple rocket on my chart ? That looks to be approximately where we will get a cross up , could be in early March . This should be extremely good for FET and remember FET also has a Mainnet coming in March ! All good stuff ! Looks great ( also I hope you are having a great day . )
🆓Fetch.AI/USDT Analysis (16/2) #FET $FETFET is accumulating around $0.24 to be ready for a strong rally in the coming days to $0.35 and $0.5 zones.
📅EVENTS
👉Feb 18 : DMM Deep Dive and Q&A
👉Feb 19 : Phoenix Program Pool
👉Feb 28 : Autonomous Travel Agents
👉Mar 31 : Mainnet Launch
📈BUY
-Buy: 0.235-0.245$. SL if B
📉SELL
-Sell: 0.34-0.36$. SL if A
-Sell: 0.5-0.525$. SL if A
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"