FETUSDT trade ideas
[$Fetch.ai] I don't piss against the windGood morning, for this one,
Since I am late, no future trading at the moment waiting for a BIG retracement before jumping in but, as of now I will accumulate in spot, at each low, I will get a little more.
PLEASE I don't have time, so when it retraces let me know, I will do full analysis...
#FETUSDT | Ready to rise strong#FET
The price is moving in a descending channel for 1 day
We also have a breakout of the channel to the upside
We have a strong support area at .5321 level
We have a higher stability moving average 100
Entry price is 0.6145
First target 0.6439
Second goal 0.6883
Third goal 0.7399
FET - Make or Break Zone Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
After breaking above 0.6, FET surged by 80% and it is currently rejecting a major weekly resistance at 1.0 - 1.05.
📈 For the bulls to remain in control and take over from a macro perspective, we need a weekly candle close above 1.05.
On H1: Right Chart
📉 If the last major low in red at 0.885 is broken downward, expect the bearish correction to start
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
FET Is The Next BNB - MOON Coin MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
FET Is The Next BNB- Its a MOON Coin
It has very good structure and price action , it reminds me of how BNB set up last Bull market before it went parabolic
I would not sleep on it Please watch the video for more information
MartyBoots
All aboard the FET Short Train!In my opinion FET is playing out a textbook top in the market currently.
We are facing a potential top in Bitcoin much like the first phase of the bull runs in 2015/2016 and 2019/2020. We could play out a scenario similar to either one of these historical price history points.
The conditions are perfect to start a full sized FET short position IMO.
The first take profit zone for me would be around 31-36 cents, which is into the .618 golden pocket and just above it around support/resistance.
The second take profit is within the .786 pocket around 17.6 cents to 23 cents.
That is where I would expect FET to stop falling if we have a 2015/2016 like scenario and BTC finds support around 30K.
If we get a 2019/2020 Scenario after a FED pivot rally in March (approximately), then the market will keep crashing hard in response to recession, and a big ultimate take profit zone could be around .05-.096 cents. It would probably be more profitable to start are new trade after the market bounces and fails at resistance in order to trade to these lows.
Obviously use a stop/loss! Use it according to your risk/reward parameters.
I will do my best to keep you updated!
Thank you!
FetUsdt Strong with trading opportunity for day tradersHI everyone,
The current bullish momentum Illustrates that FET token has more upward legs to go with a target of .81 to .85 cents after it breaks horizontal resistance marked with red line
Remember this is one hour chart and this is for short term trading.
Rsi is strengthened above 50 as long as its above 50 momentum continues to upside
Please like and subscribe for more analysis
FET Plan 0.08The FET graph is following an Elliott Wave pattern. This graph has a 1-2-3-4-5 subwave structure, indicating an impulse wave. It is currently in wave 2, which is a strong B, C fail flat correction. Now that Wave 2 has completed, the effect of a strong B, C fail flat correction is to go to wave 3X or super wave 3X, targeting Fibonacci extensions at 1.618 and 2.618 of wave 1.
Wait for it to retrace to Fibonacci levels 0.382, 0.5, and 0.618, and then enter the trade at wave 2 to target Wave 3X.
FET short IdeaWe had a nice rally along side BTC and the rest of the market including the stock market.
In our previous Long trade we took some advantages of this rally.
I will be entering a short from this position for these reasons:
- Lower low and lower highs
- the 21 EMA&SMA has been a significant level where price rejected on corrective rallies
- Very strong support at the bottom of the range channel including the bull market support band
- Also with all the bankruptcy rumours and FUD - not a fan
Target: 0.49
Happy trading everyone