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FETBTC trade ideas

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 charts such as VET/USD and THETA/USD and you will notice how similar they are. Then compare that price action to that of FET/USDT and you will notice that the highs stayed higher on the FET chart despite the shape of the price action being similar. Why? Because this chart is showing much better buyer support and strength against the value of Bitcoin. It is very simple. A lot of coins currently are printing very similar chart patterns, and Fetch is demonstrating its strength in its current and most recent price action. I have absolutely no care about whether or not this is a great project, or if the fundamentals are mind-blowing, I simply care about the price action, the volume, and the quality of the price action itself. However, this being an AI coin and the current craze around AI is definitely the icing on the cake. We have a multi-year ascending triangle which saw a break-out (early March 2024) and back-test (early August 2024). Now the chart appears to be showing bullish continuation bouncing off of the top of the triangle. Between the recent high in March and the low which was established within the past 3 weeks, it appears that momentum is leading price action to the 0.236 fib retracement. This retracement level has been respected for the previous price-action peaks and retracements several times. If you set up the fib retracements for the previous high and low cycles that this coin faced, you will notice confluence at the 0.236. CURRENT PRICE ACTION: For the immediate current price action, I expect either a break or a touch of the current cycle's 0.236 fib around 2200 sats. If the price touches 2200 sats, it should consolidate between 1800 and 2200 sats for a few days prior to continuing to the upside. If the price breaks 2200 sats, it should sit between the 0.236 and 0.382 for a little. If we blast through both within the next week or two, then just sit back and enjoy the show. FUTURE PRICE TARGETS: Looking at anything at least starting at the 1.618 fib extension, but only time and careful analysis will tell. Combining that with the measurement of the triangle, we land somewhere around the 2.618 fib at about 10k sats. Watching for signs of a reversal when BTC hits it's next ATH between 100k and 200k will be important.
Long
by filipbronola
✳️ FetchAI Goes Bullish (120% Potential Mapped)It seems everything will start to move right away... Not surprised. Here we can see FETBTC moving above EMA50 daily with strong indicators after a short period of consolidation/sideways. Today we have a full green candle, we expect prices to grow. You can find potential targets on the chart (green lines) based on Fibonacci proportions. Invalidation happens below the 17-Aug. low. This is not financial advice. Remember to do your own research and planning. Thanks for your support. Namaste.
Long
by AlanSantana
1
FET/BTC - Fetch.ai: Trend Reversal◳◱ On the $FET/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001279 | 0.00001401 | 0.00001698 and support near 0.00000982 | 0.00000807 | 0.0000051. Entering trades at 0.00001093 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Fetch.ai ▣ Rank: 138 ▣ Exchanges: Binance, Kucoin, Hitbtc ▣ Category/Sector: Infrastructure - Artificial Intelligence ▣ Overview: Fetch.ai is building a decentralized machine learning platform based on a distributed ledger, that enables anyone to share or exchange data. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001093 ₿ ▣ 24HVol: 22.205 ₿ ▣ 24H Chng: -3.445% ▣ 7-Days Chng: 2.98% ▣ 1-Month Chng: 88.99% ▣ 3-Months Chng: 98.37% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001279 | 0.00001401 | 0.00001698 ◢ Support: 0.00000982 | 0.00000807 | 0.0000051 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: 7.94 ▣ Last 90D: 3.28 ▣ Last 1-Y: 2.08 ▣ Last 3-Y: 1.24 ◲◰ Volatility : ▣ Last 30D: 1.03 ▣ Last 90D: 0.84 ▣ Last 1-Y: 1.26 ▣ Last 3-Y: 1.44 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.71 - Bullish ▣ In-depth FETBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Any retraces to the 50DMA (Also the 25 SMA) should be bidOn the few coins that have recently outperformed Bitcoin, any retraces to the 50DMA (also the 25 SMA) should be bid with aggression until and unless those moving averages are lost. If we see momentum start to fade and the moving averages start to flatten out and we get retests that have weak bounces, then the position can be trimmed or exited. Until then look to take profit at monthly and weekly horizontal resistance zones, personally am trimming by 5% at each monthly level we have above us. The trend in Crypto has started to shift bullish after the recent god candle that sent us sailing through the prior yearly high at 31.8k. Coins such as INJ, TRB, and FET, to name a few, had already been outperforming BTC in Recent weeks. So it makes sense to focus on these and to buy up retraces to key moving averages such as the 7 and 25 SMA and the 100 and 200 DMA. Until we start to see those flatten and we see multiple retests without good bounces then I am going to trade the trend and remain long. Looking to take profit and key resistance. Keep it simple. Trade the trend and use weekly and monthly levels as support and resistance along with the key moving averages and high volume areas. Lets crush this bull market and make some serious cash in 2024. Now is the time to really pay attention and pick your bets. Dont waste time on shitty alts that have continually underperformed BTC. There is nothing worse than picking a bunch of high beta plays, being ultimately right on the Bitcoin move, but failing to outperform when you could have just bought BTC. In many ways its pretty risky to be in anything besides BTC when we have an ETF coming. Few coins like LINK and SOL will most likely do really well this Bull but the rest of crypto is way to much risk and there is no real use case. Bitcoin NOT Crypto is the mantra I adhere to. Crypto is a dumpster fire. BITCOIN is the REVOLUTION and you dont want to miss it! So choose your high beta plays wisely and pay close attention to how anything performs against their bitcoin pair. Remember, altseasons are short lived and the window to pick random alts and actually get good returns is small. Choose wisely and dont get to caught up and trying to hit those 1000 and 100X plays because the risk is so high its usually not worth it and the probability of it working out is low. Im too dumb for that. Ill stick with a big bag of good ol' Bitcorn and dabble in a few quality alts that have great looking charts on the BTC pair. Godspeed friends. Lets CRUSH this next few years
Long
by tylerdylanscott
✳️ FetchAI Perfect Wave Count + Volume & Other SignalsIt might be "too early" but I am seeing here a perfect bullish impulse followed by a classic correction, this is matched by decreasing volume on the correction and hidden bullish divergence on the RSI. This whole structure/pattern can lead to a new impulse, a 1,2,3,4,5 bullish wave, which would be the third wave of a higher degree. The revealing signal truly is the volume. It was rising as prices moved up and dropping as prices moved down, confirming the impulse/correction relationship. In any case the risk is low and the upwards potential strong. This is not financial advice. Additional details on the chart. Namaste.
Long
by AlanSantana
9