FETBTC trade ideas
Fetch demand zone Hello, traders.
For Fetch, we had an excellent entry point into the demand zone for this asset, but this train has already passed.
But if anyone is bought in this asset should think about booking some profits considering that we are in an overbought zone in a lot of indicators. A correction would be healthy for the asset
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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/BTC BEEN GREAT- GOING TO GET EVEN BETTERFET/BTC has been a brilliant trade for so far. Entry was around 333 after it crossed over the the 200day MA on the daily.
Lots of good news has happened recently with more information coming out soon. A lot of hype around the token and it's chart shows there can be lots more room to grow.
Around 550 is next resistance so I'd expect it to test around 480 as the support before ascending onto the next push which should take it around 740 sats (Depending how much FOMO there is by then it may even pass this area and push straight through to the 900s, we'll see though).
My first charting, just a bit of fun for friends.
Fetch.AI Same Chart (Easy 290%+ Mapped)The same chart still remains valid for Fetch.AI (FETBTC).
Here we have a broken down-trendline as well as increasing volume with bullish indicators.
Prices for FETBTC are now challenging EMA50 and getting ready to jump on a break of this level.
If EMA50 can't be conquered, we will see additional consolidation before the jump.
We are bullish on Fetch.AI (FETBTC).
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Namaste.
FETBTC: CRASH OR MOON!?Fetch.AI (FET) has made a mind-blowing surge up towards a big point of resistance.
NO TRADE ZONE
This is the zone where you shouldn't be rushing into positions but rather wait for the right opportunity.
We're at a decisive point and you as a smart trader should wait for the right moment to enter!
When is the best moment to enter?
Wait for a clear pattern to form or a break as shown in the scenarios above!
FET/BTC - LONG - POTENTIAL 16%PAIR: FET/ BTC
T/F: 1HR
LENGTH: SHORT/MEDIUM
ENTRY: 327
TP1: 346
TP2: 382
S/L: 320
NOTES:
- Sitting on support
- Oversold
- Breakout to pullback
- Strong Uptrend
- Minimal resistance above
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Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
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