.382 on FetTake a look a bit closer
Looking at the dates in the past and basing this off of patterns we can see that back in the 5the of Sept. 2021 we had a retrace to the .382 on the fib retracment.
Here starting the New Year we see a similar pattern, moving back to the exact .382 mark.
After this pullback we see a sharp spike upwards to $1.20.
Assuming we’re doing the same pattern prepare for the push up before the full restatement before the true take off.
FETUSD trade ideas
Fetch.AI may have completed its correction in in parity with USDI have nothing in favor of this cryptocurrency. However, it is one of those that achieved better performance in the initial phase of the artificial intelligence hype.
The peak of wave 3 was easy to identify during that period; optimism was very high, and a correction could easily start from there. In addition to the technical settings that were quite favorable for this to happen. Any experienced trader easily made profits with this information.
Absolutely normal movement in wave 4. It's interesting how the correction pattern was similar to the previous one (colored boxes).
I waited a long time until I saw a possible reversal setup. That's what I believe might be happening.
Some indicators are still not favorable. In a short-term operation, I wouldn't feel comfortable.
Thanks!
FET in a sizable inverse head and shoulder pattern.We can see that the right shoulder on the FETUSD chart has just now been completed and is retesting the neckline of the inverse head and shoulders for the 1st time upon its completion. Usually in these situations lately especially in the early phases of the bul market, we have seen several other cryptos do a headfake on their first attempt at breaking above the neckline of an inverse head and shoulder pattern..some times even 2-3 fake out breaks before the inevitable real breakout…so there is then a reasonable possibility that this could see at least 1 correction or pull back before the legitimate breakout up from this pattern. In the sideways market we would sometimes get as many as 5 head fakes before the real one…in phase 1 of the bull 2-3 but if we are entering phase 2 of the bull we may see these kind of patterns start to trigger with only one head fake and ossicle no head fakes at all. If it were to confirm a breakout here soon without any pull backs then the measured move target should have it heading to a 2x or so somewhere around 1.12-1.20. I plan on accumulating a little here just in case. If we are fortunate enough to see a pull back before the official breakout I plan on accumulating more then as well because at that point the gain will be more than a 2x once it occurs. *not financial advice* Always a chance that it gets rejected and dips below the head of the pattern too thus nullifying it…but that Din of thing hasn’t really happened since the sideways market so it. Is quite a low probability.
FETUSD (4H) - Bearish reversalHi Traders
FETUSD (4H Timeframe)
Waiting for the downward break of 0.460 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.549 would cancel the bearish scenario.
Trade details
Entry: 0.460
Stop loss: 0.549
Take profit 1: 0.405
Take profit 2: 0.316
Score: 4
Strategy: Bearish reversal
FETUSD Isn't done yet. 1.800 is on the way.Fetch.ai (FETUSD) is rising aggressively these last few days, fueled by the formation of a 1D Golden Cross. This is the 4th such bullish pattern within the long-term Channel Up since it started on the March 13 2020 market bottom. Every time this formation emerged, the price had already started a rally sequence (such as today's) but is nowhere near its end. In fact in most cases it registered the most aggressive part after the Golden Cross.
The 1D RSI's similarities of the November 2020 - February 2021 Bullish Megaphone are a testament that we are on a similar pattern, which then peaked just below the 1.5 Fibonacci extension. As a result, we remain buyers on FET, targeting 1.8000.
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Fetch steadyWe’ve been seeing fetch creep up with steady support from the $0.18 area we could see this have support all the way up to $0.65 or nearly $0.80 before a retrace back
$0.45–$0.50 area before making a move over $1…
Pretty impressive support on FetchAi if it’s anything like back in August of 2021 (orange oval) we could see these movements take place.
Good luck and have fun with it
FET AI Crypto Has More Upside Momentum!After the rejection last week, FETUSD has made a new high with more upside potentials.
N.B!
- FETUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#fetusd
#crypto
#ai
Fetch.ai - bearish trend might be finally overFetch.ai broke through the 200 day moving average on the daily graph last Monday. It’s the purple line that you can see on the picture.
I know there are many indicators visible which can make it for many blurly, but by using multiple indicators it’s better possible to make the most accurate analysis for myself.
The big red resistance shows important levels of possible correction points. From current price an increase of approx 50-60% is possible the coming days / weeks.
You won't believe how much FET is falling!The FET symbol exploded by more than 900% in the previous months and then entered a correction.
Where I wrote "START" on the chart is where the FET symbol entered the corrective phase.
In the corrective phase The FET symbol, after completing a bearish wave (wave A), is now oscillating in a neutral range, appearing to be completing a large bearish triangle. After the completion of waves D and E, the FET symbol enters a large bearish wave C.
I marked the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
You won't believe how much FET is falling!The FET symbol exploded by more than 900% in the previous months and then entered a correction.
Where I wrote "START" on the chart is where the FET symbol entered the corrective phase.
In the corrective phase The FET symbol, after completing a bearish wave (wave A), is now oscillating in a neutral range, appearing to be completing a large bearish triangle. After the completion of waves D and E, the FET symbol enters a large bearish wave C.
I marked the invalidation level on the chart. Closing a daily candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
FETUSD (4H) - Bullish wave We2Hi Traders
FETUSD (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 0.2614 after the market found support at 0.2453. Only the downward break of 0.2453 would cancel the bullish scenario.
Trade details
Entry: 0.2614
Stop loss: 0.2453
Take profit 1: 0.2909
Take profit 2: 0.3191
Score: 8
Strategy: Bullish wave We2
$FET: Bullish Momentum AheadIntroduction:
In this comprehensive TradingView idea, we dissect the evolving dynamics of NYSE:FET (Fetch.ai), a cryptocurrency that is currently exhibiting compelling indications of an imminent bullish reversal on the daily timeframe. Our analysis brings to light four crucial observations, all of which point towards a potential shift in market sentiment for $FET.
Key Observations for NYSE:FET :
1. Elevated TBO Close Shorts:
A noteworthy aspect of the recent NYSE:FET chart is the prominence of TBO Close Shorts signals. Over the past three weeks, the frequency of these signals has surpassed the norm observed in most charts. This surge in TBO Close Shorts might be signaling an oversold state, potentially setting the stage for a reversal.
2. TBO Open Long Confirmation:
Another significant development is the emergence of a TBO Open Long signal on the daily timeframe. This confirmation marks the initiation of a bullish trend, indicating a potential change in the prevailing market sentiment.
3. Overhead Trend Line Breakthrough:
A compelling movement on the NYSE:FET chart is the recent breach of the long-term overhead trend line, visually depicted in yellow. The successful piercing of this trend line, witnessed just yesterday, suggests the potential for an upward price surge, reiterating the possibility of a bullish trend reversal.
4. Volume Uptrend with TBT Base/Quote Currency Converter:
The analysis of volume, tracked via the TBT Base/Quote Currency Converter (a proprietary volume converter indicator on TradingView), reveals a growing pattern. This steady increase in volume aligns with the emerging bullish indications, further validating the potential for a price uptrend.
Bullish Price Target:
Based on the compiled analysis, our stance on NYSE:FET is bullish. We anticipate a potential price movement towards the 0.30 mark, presenting a significant 25% increase from the current price level.
Conclusion:
The evolving scenario of NYSE:FET on the daily chart portrays a compelling narrative of a bullish reversal in the making. With a combination of TBO Open Long confirmation, overhead trend line breakthrough, escalating volume as verified by the TBT Base/Quote Currency Converter, and the surge in TBO Close Shorts, the overall sentiment appears optimistic. Our bullish projection of a price surge to 0.30 reflects a substantial 25% increase from the current level. However, as market conditions can be dynamic, stay vigilant, and continue to monitor the evolving trends. As always, prudent decision-making and strategic risk management are paramount.
(Note: The analysis and projection provided above are for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.)
Fetch.ai (FET)Fetch.ai is another AI crypto-based platform that provides access to AI technology. Anyway, it seems FET moving in an ascending channel, a wide one. Currently, FET's corrective wave reached a horizontal area on which the price bounced off several times; both as a support and resistance area. We have to wait and see if this horizontal area can act as a support again and then see if FET can break the minor downtrend line. Let's see what happens.
FETUSD (Daily) - Bullish reversalHi Traders
FETUSD (Daily Timeframe)
Waiting for the upward break of 0.2559 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.1904 would cancel the bullish scenario.
Trade details
Entry: 0.2559
Stop loss: 0.1904
Take profit 1: 0.2964
Take profit 2: 0.3619
Score: 5
Strategy: Bullish reversal
FETUSD (Daily) - Bullish reversalHi Traders
FETUSD (Daily Timeframe)
Waiting for the upward break of 0.259 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.206 would cancel the bullish scenario.
Trade details
Entry: 0.259
Stop loss: 0.206
Take profit 1: 0.291
Take profit 2: 0.343
Score: 6
Strategy: Bullish reversal