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 trade ideas
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
✴️ FetchAI Simple 1,2 & 3 Sequence Confirmed! Nice Timing2021 Marked the peak/All-Time High for FetchAI which lead to a bear market downtrend in 2022. (#1)
To change from one trend to the next, a consolidation phase is necessary and this time it took this pair 6 months. (#2)
The market moves in cycles and what goes down, must come back up, but the up is better than the downside because we end up with new highs, a new All-Time High and years of growth. (#3)
We will see a new uptrend and it will take years before the cycle is complete. Prepare now and enjoy the profits/growth on the way up.
Then it will move back down and back up again... And the market will continue to move, grow and evolve while printing waves.
Some projects will be left behind, others will merge with other projects and evolve. A few are set to take the bigger share of the market, for us traders, it is important to diversify and not get marry to any pair, but adapt and change as things progress.
Stay strong, be safe... Make sure to plan ahead.
If you invest time in yourself, in your strategy and your trading, results should be great.
If you are reading now you have GREAT TIMING, and timing is really important.
Namaste.
FETUSD (4H) - Bearish wave We2Hi Traders
FETUSD (4H Timeframe)
A High probability, entry signal to go SHORT will be given with the downward break of 0.239 after the market found resistance at 0.253. Only the upward break of 0.253 would cancel the bearish scenario.
Trade details
Entry: 0.239
Stop loss: 0.253
Take profit 1: 0.213
Take profit 2: 0.188
Score: 8
Strategy: Bearish wave We2
I caught the bottomThe final wave of this 7 wave correction has completed with bullish divergence on the 4hr chart and I will be taking my first profit at the .236 fib retracement line of the 7th wave for an 8%+ trade.
I believe this is just the beginning of a larger impulse wave about to run up to $.86 for a 1:1 fib from the last large impulse wave from the beginning of December which is an increase of 165% increase from where we are now.
FET leading the AI sectorHi All,
Breaking out from the bullish flag/falling wedge!
4th Elliott wave completed! Now we are heading for the last 5th impulse - target at 1.618 Fib extension which exactly coincides with the macro .618 retracement from the bear market downfall move. 80c price target is coming.
Nice reward/risk ratio: 3.2
GL&HF ;)
Revision: Fetch weekly long gameI misspoke in my previous iteration. There's a hidden bullish divergence indicating a trend continuation on the weekly chart. Placing the long position with the SL at the previous swing low and setting a 2:1 P:L ratio it appears to be possible to attain a 50% return.
In the previous iteration I erroneously mentioned a 2x potential when it's a 1.5x potential.
FETUSD (1H) - Bullish breakoutHi Traders
FETUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.3522 resistance level. Only the downward break of 0.3365 would cancel the bullish scenario.
Trade details
Entry: 0.3522
Stop loss: 0.3365
Take profit 1: 0.3617
Take profit 2: 0.3773
Score: 8
Strategy: Bullish breakout
Big Move ComingFET is putting in an 8 week flag with volume drying up in the base (sell pressure subsiding) and weekly RSI reset. Think this is ready to breakout and move towards the ATHs in the coming weeks. The Fetch Ignition campaign is 3-4 weeks of updates & announcements, which will likely act as the catalysts to get us there.
AI is one of the biggest narratives that is likely just beginning.