When the great buy-the-dip opportunities were available for FET the bears were in song and it was oh so foolish to buy Bitcoin, let alone buy high risk altcoins.
But AI coins are flying now and soon FET will make new highs.
This is only a second bullish momentum candle printing on the week chart so this could go quite a bit higher from here considering how many there were in the previous wave up and so it is still a reasonable buy here.
But obviously those tasty deep buys are now long gone.
If we have faith in classic use of Elliott Wave for impulse waves then a 1.618 trend based fib extension would see FET get all the way to $9.
If it did get there it would be a great selling opportunity but its a long way off for now so we'll see...
Not advice
But AI coins are flying now and soon FET will make new highs.
This is only a second bullish momentum candle printing on the week chart so this could go quite a bit higher from here considering how many there were in the previous wave up and so it is still a reasonable buy here.
But obviously those tasty deep buys are now long gone.
If we have faith in classic use of Elliott Wave for impulse waves then a 1.618 trend based fib extension would see FET get all the way to $9.
If it did get there it would be a great selling opportunity but its a long way off for now so we'll see...
Not advice
Note
Into the next wave up here - up 24% so far today 👍.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.