Extremely bullish: FET double bottomed on BTC pair Very simple and tot he point. Last weeks market correction is clearly over and during that FET double bottomed against BTC. This is an extremely bullish sign for any altcoin to do so. Just go back and take a look at what XRP did this November after double bottoming against BTC.
So, assuming a cont
FET touching the long term support line in both USDT & BTC pairYou can see a clear longterm trend in FET charts. Now touching the trend line.
It's also a low cap AI coin, so it's very likely to continue the trend and grow after the high-caps.
It needs more analysis on the volume and RSI which I can not do.
Bitcoiners aping into AI coins; LONG (LIVE) $FETAs alt season starts, established big names are making huge price jumps, ADA, NEAR, AVAX.. etc. AI narrative is by far the most powers narrative, and obviously much safer from p00p coins. The chart says it all, price is flying againts CRYPTOCAP:BTC with massive volumes on a weekend.
FETCH Long Term Ascending TriangleWhy this looks like a great set up?
While looking through the charts and price action of many altcoins, of which most are printing nearly identical charts, I noticed that the bitcoin pair of Fetch.AI shows really great strength.
If you look at the dollar pair of a lot of these alt coins, look at
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.