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FETUSDT

FETUSDT [Watchlist] : Breakout Attempt - When and How to BuyThe price action for BINANCE:FETUSDT is currently making an attempt for crossing-up the resistance area after few days of building-up just below. Depending on whether the current daily candle will close above the resistance, it will give traders a good opportunity to take a long position. Overview : since the Nov 22th low (at 0.0217) the price action has initiatedan upward move while making higher lows (i.e. green curves on the chart). Over the past few days, the price has been building up (grey box) just below the current resistance area between 0.06368 and 0.06059 (i.e. red rectangle ). The bullish structure formation since the Nov 22th low gives bulls good chances for potentially breaking-up the resistance area this time. FETUSDT-FETBTC Convergence : traders may notice a convergence by looking at the price action for BINANCE:FETBTC . The chart clearly provides the same bullish signs described in the BINANCE:FETUSDT chart. Finding convergence for an asset traded against two distinct assets generally a good sign. Here's a link for the BINANCE:FETUSDT chart : Risk management : given the elements described in the overview, traders might wait the current daily close to take position or not. If the price closes above the top of the resistance (i.e. 0.06369), it will be a bullish sign since buyers would have been able to push the price above the resistance. Profit targets and stop loss would be set based on the entry price. My Trading Principles : - Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3. - Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit. - Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade. "Remember, plan the trade, trade the plan. Build that discipline." I will keep updating this trade according to the future price action. Please support this idea with your likes, thanks. Best regards, You can also follow me on : => Telegram : t.me => Twitter : twitter.com => Instagram : www.instagram.com => LinkedIn : www.linkedin.com
by jbadiabo
FET/BTC (Up to 85% Profit Target)FET/BTC Market structure is on an uptrend with a series of Higher Lows then Higher High. The candle closed with Bullish engulfing and price is trading above both 50 Day Ma and 100 Day MA. After 6 days of pullback, Bulls are likely to back again for another potential leg up. Trade setup Buy area: 535 Sats - 474 Sats Sell target: 580 Sats - 900 Sats Stop loss: 410 Sats Don't forget to click on the thumbs up button Follow my channel for future Altcoins TA updates www.tradingview.com Join Free Trading Community Chat Group t.me Trading is simple, don't over complicate things :)
Long
by PolarHusk
FETCH - Future of Blockchain Innovations or just next Sh#tcoin?As you can explore on official website Fetch.AI is a decentralized digital blockchain in which useful economic activity takes place. This activity is performed by autonomous agents delivering solutions to tasks like deployment of algorithms, IoT and complex systems. The most interesting part of the project is that activity of agents based on machine learning and AI . Pretty ambitious application at first glance. But plunging into further study of the project, I was surprised how thoughtfully and logically Fetch.AI team is building their project. Fetch.AI team is basing in Cambridge, UK. And the main architect and CEO of the startup is Humayun Sheikh. He is original pioneer from DeepMind – artificial intelligence company acquired by Google for around $500 million. It doesn’t even make sense to tell you how Google’s neural network works, you already know this very well when you are using search or getting ads. The most important thing is that Fetch.AI project essentially implements a neurocomputer on the blockchain. And the team behind the project seems to be clearly knowing how to make it work. But what is the Fetch.AI token? First you need to know that FET is a utility token, not a security. And the main purpose of it is to be used by autonomous agents to deploy specific economic activity in the network such as: connecting agents to the network, exchanging value between agents, accessing ledger-based AI/ML algorithms etc. Quite difficult to understand? In the practical application this means Fetch.AI network will be used in decentralized commodity exchanges, transport and mobility, energy, IoT, smart cities, E-commerce, healthcare, social networks. Wow, but that affects almost every aspect of our lives! That is the reason I decided to post this idea. I am considering Fetch project as one of the most promising and what is important undervalued on crypto market . Of course, a lot of work still needs to be done. Presently FET is an ERC20 token and a full mainnet is scheduled for the end of Q4 2019. But some practical implementations are made already: September 30 2019 – Beta mainnet launched. October 10 2019 – First staking auction took place. October 18 2019 – Fetch.AI DeFi commodity platform records historic first trade. The trade was conducted between Turkish steel giant Bastug Metallurgy and one of its suppliers. October 21 2019 – Fetch.AI machine learning scientist Yujian Ye has produced two papers. Both supported by the EU Sysflex project under the European Union’s Horizon 2020 research and innovation program. Both highlight how Fetch.ai’s autonomous agents will be at the center of the energy models of the future. October 22 2019 – Fetch.AI and Grey Swan Digital have entered into an agreement to integrate their platforms in order to offer Smart Market Making and Smart Margin Lending. Do not get me wrong, I do not want to exaggerate Fetch.AI project. But you must admit, deploying real use case at such early stage of development is very rare and promising in the crypto market. Pretty good for a project that does not have even its own mainnet yet, what do you say? Now let’s go to the technicals. Here when the ugly comes. After one of the most successful IEOs (initial exchange offering) on Binance with a starting price $0.0867 for 1 FET token about $6M were raised. FET price reached almost $0.49 and after… DUMPED SO HARD that the only definition for it as a sh#tcoin came to mind… In the moment price made huge x5 gains for IEO successors who speculatively sold on the top and continued selling during almost all year 2019: Huge selloff led to a collapse of FET price by 93% The bears were joined by early investors who bought FET on presales before the IEO which tokens were being unlocked during all that period. As a result, the price went down to the level of the very first presale of $0.0341: FET price returned to its ultimate low Seed Sale level where found support Now you probably already regret taking time to read this long-drawn-out idea, but do not rush, because we have good possibilities of obtaining high returns on this asset. The first signal that we can notice is a huge volume spike on FET/BTC chart : The increase in volume coincided with Fetch.AI’s first staking auction We see slightly less volume on FET/USDT chart, so we can only guess that the reason may also be the overflow of Bitcoins into Altcoins on the eve of the new altseason. Or, large speculators choose an undervalued assets as a long term investments. But what we are confident with accuracy is that validators and large stakeholders who bought and continue buying FET token do not intend to push the price further down . This is due to the high level of investments that they need to hold as a stake, as well as the high cost of equipment used for nodes maintenance. Secondly , we can notice RSI divergence on both FET/USDT and FET/BTC daily charts: RSI Divergence on daily charts indicates possible bottom For these reasons, we can consider current levels as a long-term bottom. With that being said, my overall thoughts on Fetch.AI are inclined to the fact that this asset is very promising not only from a fundamental point of view, but also from a technical. As for the price drop you must understand that revalued IEO, unlocked tokens of early investors, drop in Altcoin capitalization against of the Bitcoin capitalization growth – all these circumstances resulted in such a strong panic sale. And at the moment FET token is one of the most undervalued in the market . Buying FET now for long term might result in great investment opportunity. When saying long term, I mean 3 to 5 years. This idea is not advertising and author did not receive any rewards or tokens for it :) What will happen next the price will tell. This idea is not a financial advise, but you probably know that already ;)
Long
by V0ld3mar
5
FET/USDT (70% Profit Target)I can see Inverse Head & Shoulder pattern but only on the sideway look. Volume is the factor here keeping this coin on a bullish momentum to the upside provided if we can keep high lows until the break of this pattern. If we can hold 20&50 Day MA for another week and BTC price will just run sideways or break to the upside. 95% chance we will burst to the north too! Trade setup Buy area: 0.04050 - 0.03850 Sell area: 0.06050 - 0.06850 Stop loss: 0.03470 Let's try this Free VIP signal on Bitmex and Binance! Grab A friend and Earn up to $50 use this link below. krypto-signals.com Join Free Telegram Channel Daily TA update and Alt Coin Signals t.me Join Free Telegram Channel Trading Community Chat Group t.me
Long
by PolarHusk