Looks like $FET found local bottom.
It broke out of descending channel, it broke the inverse h&s neckline and started making higher lows.
It just needs a volume push for a more significant move.
FET completed 5 waves down and now its time to go UP
Hopefully
Nothing is guaranteed in crypto and I am no financial expert and this is not a financial advice.
Hello traders,
Here is my plan for the almost 100% profit swing trade ideas.
The chart is somewhat immature, but we are starting to see clear supports and resistances. FETCH.AI experienced almost 50% drop since the listing in binance, and this is a good time to get in.
There is a good bullish divergence in the chart so, I will consider this as a good entry...
FETUSDT in 1HR timeframe looks bullish again. Triple MACD bullish divergence, RSI moving up from oversold and RSI bullish divergence.
Entry: 0.27
Exit: 0.30
Stop Loss: 0.26
Note: Not a financial advice, DYOR. Beware of BTC movement. Good Luck
This project is obviously too new to draw from previous price action.
The way it has moved so far looks to be funneling into this wedge pattern.
I do not believe it will sink as low as .26 but think it will drop below .30
I have my buy orders set at that .28 to .26 range. I look forward to a pop back up to.37 to .38 range for a 25% pop.
DYOR - this is not...
FET looks bullish on hourly time-frame. quadruple bullish divergence on MACD. Slight level of RSI bullish divergence. Price in a falling wedge and consolidating on support area.
Entry: 0.3050-0.3150
Exit: Greater than 0.35
Stop: 0.29
NOTE: Not a financial advice, DYOR. Off-course, Beware of BTC movement. Good luck.
FET will soon make a double bottom. From there there is a good chance we will see a bounce to the upper side of the channel. I'll be closing my position there . If breakout happens that will be whole new trade.
Here we are, the price is consolidating near previous highs resistance, now tested 3 times as support.
Now price is approaching the resistance in formed Falling Wedge.
I see few targets near Fibonacci resistance levels 0.618 and 0.786.
Better buy opportunities we can have at buy range below 0.382 Fibonacci support.
Stop loss under 0.114 Fibonacci level.
