FETUSDT
$FET Perfect Storm is BrewingFA:
CogX June 10-12th (June 11th 5pm for the Fetch.AI timeslot)
SA:
Binance IEO sentiment is at an all time high.
TA:
Daily looking strong, losing the daily diagonal would not be good.
Invalidation:
$BTC dumping could return us back to the daily POC or below.
Generally bullish on $FET as a long term hold.
FETBTC is close to supernova explosion.hi everyone.
I am a developer a trading bot with artifical intelligence called "Mikabot" ,"TraderMikabot"
since i develop this smart bot, i have math tecnique about trading
i love long falling wedge
i love fibonacci support and resistance
i believe in the math in trading
fetbtc is in midterm falling wedge
fetbtc is in also curve that is strong.
look at the fibonacci levels
21 may 2019, fetbtc rised to fibonacci level (0.00004340)
look at the down trend from 14 march
maybe you can not see but fetbtc is in a small pennant to rise
in the big picture, look at the long term logaritmic down trend line.
if fetbtc breaks these trends, then fet will be able to exlose :)
we will see what will happen
$FET Good Time to Enter Now?Fetch was one of the most hyped project of IEO along with MATIC, BTT, and CELR.
Let's see how this one age.
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FET/USDT 4hFET/USDT broke out of its channel upwards. RSI is pretty high so watch out for that. Mid-term targets (depending on how fast BTC goes):
Target 1: 0.180 (trying to brake it now)
Target 2: 0.244
Target 3: 0.30
Patience is key, don't stress out when it drops. Use stop-losses but beware of stop-loss hunting.
FET-USDT Long Trade PlanCommodity : FETCH.AI
Trade Type : LONG
Trading Against : TETHER-US
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - <1 weeks
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 5% to 11%
Prospective Loss : 3%
RRR : Between 1.7 and 3.91 depending on TPs
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
FETAs you see Fet have a divergence with volume candle and 24h volume is more than market cap(16m marketcap_30m 24volume)
It might be changed to a big jump and also the competition on Binance has finished.
But totally its better to wait for the break out blue line.
Don't forget S/L(It depends on you) and manage your money.