A great battle has taken place over the fate of FET/BTC. The passing of the weekly EMA ribbon, for what would be the first time ever has been mightily challenged. However, were are approaching significant support and other factors portend to a dramatic price action to follow in the weeks to come.
Note
A key level of support which has proved the gateway for every proceeding run up...Note
Note the weekly Stoch RSI is reemerging in a bullish way...Note
Note the confluence of the weekly ichimoku around our key level of weekly support...Note
Note the reduction in weekly volume screaming that a large move is imminent...Note
Please, recall that the passing of the weekly EMA ribbon for FET/USDT resulted in, roughly, an 825% move up over 56 days...tradingview.sweetlogin.com/proxy-s3/snapshots/4/49gEmrJv.png
Note
So, is it possible that this will turn out to be a higher low in the next wave up?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.