FETUST trade ideas
FET/USDT Bullish Trajectory? ๐ ๐ FetchAI Today analysis๐ Paradisers, get ready for a potential surge in FETUSDT as it currently challenges a significant resistance level, hinting at a likely bullish progression.
๐ Reflecting on its past performance, FETUSDT has consistently overcome its descending trend line, leading to upward movements. Presently, as it tests the supply level at .4396, the prospects for an upward journey from the BOS level of .4095 are looking promising. A breakthrough above this supply level would solidify the bullish outlook.
๐ On the flip side, if FETUSDT struggles to sustain its momentum, we might see a strategic bullish continuation from the demand level of .3289. However, a descent below this level could trigger a notable bearish trend.
Fetch.ai - Road to 1$ and beyondHello everyone,
I wanted to share my thoughts on Fetch.ai in the short term. As the global crypto market gears up for a significant bull run in 2024/25, Fetch.ai is a key player in my long-term portfolio. I'd love to hear your thoughts in the comments below and discuss this exciting project together.
Overview:
Fetch.ai stands out as a unique project that combines artificial intelligence and blockchain. Investors are showing interest in its innovative approach to decentralized machine learning and smart contracts.
Technical Analysis:
Current Price: $0.4
Short-Term Target: $0.5 - $0.6
Mid-Term Goal: $1
Key Points:
Strong Foundation: Fetch.ai's blend of AI and blockchain makes it notable, attracting attention and partnerships in the industry.
Positive Trends: Recent price movements suggest a potential upward trend. If FET breaks key resistance levels, it could move towards the short-term target.
Investor Confidence: Fetch.ai has positive sentiment with ongoing development updates and strategic partnerships, boosting investor confidence.
Strategy:
Entry Point: Look for entry points around the current price, especially during potential breakout scenarios.
Take Profit: It's wise to secure short-term gains in the $0.5 - $0.6 range, with a reevaluation for a potential move towards the $1 mark.
Risk Management: Implement a stop-loss strategy to manage risks given the inherent volatility of the crypto market.
In Conclusion:
Fetch.ai's unique features and positive market sentiment make a compelling case for the "road to $1." Always conduct thorough research and practice risk management before making investment decisions.
Note: This analysis isn't financial advice. Please do your own research before making investment decisions.
END IN 2-LEVEL ZONE*-Technical Analysis ๐
in bullrun and need rest this trend
*Trade (Sell) ๐
0.3935$
*-Stop Loss ๐ด
0.4154$
*-Take Profit ๐ฏ
0.3382$
*-Risk Management ๐ง
2%
๐จโ๐ Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencie
NEAR and FET: Similar Fakeout PatternsThe cryptocurrency world often surprises us with intriguing market dynamics, and today, we'll delve into NEAR and FET, two projects that have crafted similar fakeout patterns but may be charting different paths forward. NEAR executed a "sweep of the lows," while FET is forging a "double bottom" pattern, both aiming for a potential ascent to $0.55. Let's explore the nuances of these setups. ๐๐
NEAR's "Sweep of the Lows":
NEAR Protocol (NEAR) recently performed a "sweep of the lows," a strategic move designed to clear out sell orders at lower price levels. This maneuver creates a potential foundation for an upward movement.
FET's "Double Bottom":
Fetch.ai (FET), on the other hand, appears to be forming a "double bottom" pattern, characterized by two distinct price lows. This pattern often signifies a shift from a downtrend to an uptrend and can lead to notable price gains.
The $0.55 Target for Fetch
Trading Strategy:
Observation: Keep a watchful eye on the price action of NEAR and FET, and how they interact with their respective patterns.
Risk Management: Prudent risk management is essential, particularly when dealing with the inherent volatility of the crypto market.
Stay Informed: Stay up-to-date with the latest developments and news related to NEAR and FET that could impact their price trajectories.
Conclusion:
In the crypto market, similar patterns can lead to varying outcomes. While both NEAR and FET are eyeing the $0.55 level, the paths they take may diverge. As traders and investors, it's crucial to remain adaptable, stay informed, and exercise caution as you navigate these distinct journeys.
Remember that the crypto market can be as unpredictable as it is exciting. May your trades be prosperous, no matter which path you choose to follow.
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FET predictionFET seems to have bottomed around Nov 2022, and if the waves are counted correctly, is currently on wave 3 of a bull cycle. If FET has the same exact cycle as it's last run, I am predicting a total return of 6383%. The 1:1 extension is 2038%. Will be interested to see how this plays out.
This is just a prediction and not financial advise.
FET Next Long Position IdeaFET has been a big mover thus far and appears to have more to go. On a macro scale a simple measured move of the macro trend structure puts a high target in the 1.70 range. This is not something that necessary will occur but reasonably possible given the past price action.
Current trading plan is to look for pull back that consolidates at the last daily support structure at .2800.
As such IF buyers alow price to be discounted to this area, coupled with bullish oscillator signals a new long position from this area may be in order targeting the next macro resistance level in the .41-.45 range.
Trade Well.......