FET/BTC (Retest Previous Key Support)💎Technical Analysis Summary💎
BINANCE: FETBTC
-After the recent small run-up, Fetch.AI is back at previous key support
-The big question we have is, will this support hold again?
-Tough to answer this one right now so we need to be careful
-My advice is to wait for a few days until it forms a base of support
-And zome in on 4H timeframe to look for early buy entry
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Fetusd
FET/BTC (Ascending Triangle Pattern?)FET/BTC
-Fetch.AI is likely forming an ascending triangle with a flat area of resistance
-There is a chance it will test the upward trendline of support
-You may enter aggressively at support or wait for the breakout of local resistance
-But if the trendline support will fail, this Bullish idea is no longer valid
-Please exercise proper risk management and always plan your next trade
FET/BTC (Temporary Top? Pullback Started?)FET/BTC
-Fetch.ai may have found a temporary top resistance
-The price has retraced its gain by -22%
-There is no strong support located at the current market price
-The key area that needs to be watching is located around 931 sat range
-I only recommend opening a Buy position if reversal signs are seen
-Upside target is the recent high at 1551 sat or higher
-If 931 sat support failed, the next level of support is near or below 800 sat
FETUSDT - Cup & Handle formation on the weeklyBullish Cup & Handle Formation in progress. Kicking myself for selling it a little early. HODLing it from current price can fetch close to 4x in a few months, and possibly more.
Will be invalid if:
- Formation breaks
- Little to no volume during the breakout from the handle formation
Timeframes given in the chart are for reference and may not be accurate.
Disclaimer:
Please DYOR and DD, You are responsible for your own profit or loss.
FET/BTC (Testing Key Resistance)FET/BTC
-the upside push is definitely high but approaching strong key resistance area at 540 sat
-I do not recommend to buy the area current price level
-wait for a pullback at key areas or a consolidation above the resistance zone
-do not catch the price because the risk-reward ratio is no longer in your favor
-plus there is no logical cut point to place a stop loss on a strong single candlestick
FET Joins the Bullish league can easily move +50%. BINANCE:FETUSDT Looks good to move.
Zoom into the chart for better view
We are about to test the channel once more.
Volume is increasing with RSI rising and Potential MACD crossover is around the corner.
Use Ema 50 as stoploss, take profits on red lines.
Will share one more chart taking confluence of other indicators soon.
Happy trading.
FET/BTC (Retest Trendline Support?)FET/BTC
-rejected at the recent top between 347 sat
-the price is likely to retest trendline area of support
-this will a potential rebuy zone provide bullish strength
-you can either enter an aggressive entry on the green zone
-or buy the breakout above 347 sats
-stoploss depends on your entry point
FETBTC Technical Analysis Overview ( Bullish broke out )FET/BTC Technical Analysis:
FET/BTC now Current price is 504 Satoshi.
And now Falling wedge Broke out also done.
We can see in Chart Broke out also confirmed with Good volume.
Support Level: 456-475 Satoshi Strong Support
and 407 Satoshi is All Time Support and Also we can say Last support.
If this also break then we can see free fall till 200-300 Satoshi.
Resistance: 600 Satoshi / 716 Satoshi.
Targets: 600/716 Satoshi is our initial Targets.
If Bitcoin will stable then 807 Satoshi is our last Target.
Why buy..? Technically also looking very good and bullish Brokeout Falling wedge.
Note: Not financial Advice.
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FET/BTC TA Update (Testing Key Fib Support)FET/BTC
FET has failed to hold the golden Fib level at 600 sats areas and now the price is testing the key support between 500 sats regions or the last Fib 0.786.
If FET can't get above this downward trend-line of support in the coming days, I expect 1 more leg down to retest the Swing Low at 470 sats area
before re attempting to break the down-line resistance or potentially change the trend.
FETUSDT formed bullish Shark | Upto 25% move expectedThe Priceline of world's 110th ranked cryptocurrency Fetch.ai (FET) has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of FET price action's moves:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.04532 to $0.04252
Sell between: $0.04783 to $0.05344
So this trade has potential to produce upto 25% bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
FET/BTC TA Update (Bounce at key Support?)FET/BTC
FET is on a deep pullback after breaking support at 650 sats area. The price has reached important key support and golden Fib 0.618. Can we expect a bounce from this key zone?
If only FET can maintain this level for at least 48 hours, there will be a high probability of a pump will occur because the bears have failed to bring the price lower.
FET/BTC TA Update (Bounce at Golden Support Area?)FET/BTC
FET is on a deep pullback and it's in the range of 0.5 - 0.618 Fib support area. If price can hold this level for the next 7 days,
I expect a bounce will take place as the 50 Day MA plus the ascending trend-line support will give an extra boost to make the trend rising again.
FET/BTC TA Update (Break 200 Day MA or Pullback?)FET/BTC
FET is currently struggling to break above the 200 Day MA and previous support turning into new resistance.
Bearish RSI divergence is also adding stress for the price to move up further. If FET will unable to break this resistance within 24-48hrs,
We could expect the price to pull back into the support area to accumulate more buyers to step in.
FET/BTC TA Update (Healthy Pullback?)FET/BTC
FET has temporarily topped out at 889 sats but that is normal as RSI went too extended in the overbought condition.
Price is on a decline for a healthy pullback into potential setup another Higher Low.
I have highlighted in the chart where the support or buyers may step in.
FETUSDT forming bullish Shark | Upto 12% movePriceline of Fetch.AI / US Dollar is forming a bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04513 to 0.04379
Sell between: 0.04654 to 0.04946
Regards,
Atif Akbar (moon333)