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Fetch.AI / TetherUS PERPETUAL CONTRACT

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FETUSDT.P trade ideas

I think that it may be time to start building FET longs. Howdy everyone! This is a follow-up to my FET short trade idea. That short trade idea had two take profit areas within it, 1 of which we have already hit at approx. 1.42-1.20. The second take profit zone was just below at approx .90-.63. I think that we might be finding support in this current area, and the second short trade take profit area may not get hit this time around. So this idea is based upon a long position in between the two take profit zones from that idea. We've been as low as 1.06, and we are currently sitting at 1.18. I am suggesting starting your long positions in this current trading range. My suggested take profits from this current trading range are: approx: 1.98, 2.50, and 3.00. We could at any time between now and hitting any of these targets turn around and hit the lower short trade target of .90-.63, so that is why I am giving at least 3 take profit points. My current next big target if we make a new high in the markets is 3.94ish. Anyway, I do appreciate your collaboration!
Long
by LoneWolf1425
11
FET - Repeating pattern? 6$ target!?I am watching this pattern for a few days now, not the biggest fan of fractals as they are simply too obvious and too easy to trade along. No free lunch. BUT markets have a tendency to repeat themselves and just by looking at the chart, it seems FET is printing a VERY similar pattern as we have seen summer '21 when BTC bottomed out at ~30k. Now, IF this pattern plays out, we should not drop below "5" anymore. IF we take out "4" with BTC breaking above 72k this fractal might be in play. Not sure about the target, could go as high as 6$ though. Stay safe!
by TV288
2
Bullish and Bearish Scenario - Daily ChartMarket Trend The current market trend analysis shows mixed signals across different indicators. While we are challenging the 20-day MA on the daily timeframe, the distance from the 50-day and 100-day EMA confirms the persistence of a downtrend. The Average RSI touching the 50 level, yet staying below it, suggests that the RSI is attempting a reversal but has not yet shifted the overall trend. Conversely, the MACD presents an indication of an uptrend, with the 9-day EMA remaining below the 12-day and 26-day EMAs. However, a contracting histogram and decreasing bar sizes point to weakening momentum and a potential trend reversal back to a downtrend. This confluence of factors highlights the market's current volatility and the potential for a shift in trend direction. Symmetrical Triangle, FIBs, Dead Cat Bounce and Liquidity. The main support and resistance levels are found within the symmetrical triangle formed after a previous downtrend. This symmetrical triangle indicates a 91% chance of continued downward movement after exiting the triangle, and a 9% chance of an upward movement. Bearish Scenario To forecast potential downward price movement, I analyzed previous retracement levels, support, and impulse within the symmetrical triangle to determine the downward price target using Fibonacci extensions. The common pullback area might slightly exceed the 1.618 level before a reversal occurs. Based on this, the price before a pullback is projected to be $0.941. Bullish Scenario Examining liquidity on the 3-month timeframe reveals the highest concentration around the price level of $1.57, with approximately $88.9 billion in liquidity. As liquidity is often targeted, a "dead cat bounce" (a brief upward movement before a decline) to this level could occur before the symmetrical triangle pattern completes. This theory is supported by the golden ratio retracement level of 0.618, which is drawn based on the highest and lowest points within the symmetrical triangle. Explore the liquidity here: www.coinglass.com Additionally, due to market volatility and further liquidity around $1.034 (with $86.4 billion in liquidity), a reversal towards the upside may be expected once this liquidity is addressed.
by Mrketwizard
My vision on $FET for the next year. After hours of analyzing trends and other factors, I have concluded that this coin should provide a substantial return based on all the data. The technical indicators and market sentiment seem to align favorably for this particular cryptocurrency. However, it's important to remember that the crypto market is highly volatile, and past performance doesn't guarantee future results. As always, it's advisable to invest only what you can afford to lose and to diversify your portfolio.
Long
by din_rover
Is #FETUSDT Primed for a Major Breakout?Yello, Paradisers! Are you ready to dive into the latest action on #FETUSDT? Let's break down the crucial moves and key levels you need to watch. 💎Currently, #FET is hovering around the support zone at $1.488, showing signs of a potential upward swing. If it can maintain this momentum, we might see a successful retest of this support level, leading to a break of the descending resistance. This could open the door for a challenge against even stronger resistance zones ahead. 💎The price has successfully completed a retest phase and is now gearing up to surpass the descending resistance. Patience is key here; wait for a clear breakout above the descending resistance level before planning any trades to ensure you’re not caught in a false move. 💎As experienced #FET traders know, navigating the cryptocurrency market is like playing a strategic game. While the current bullish momentum looks promising, it’s crucial to have a Plan B. If #FET fails to maintain its momentum and starts to decline, look for a rally from the lower demand level at $1.368. 💎If #FET drops below this secondary demand level, it’s a signal to reassess your strategy. Be prepared to adjust your bullish outlook and modify your trading tactics to align with the evolving market conditions. Stay sharp, stay focused, and as always, trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise