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FET has formed a classic Inverse Head and Shoulders pattern on the 2H timeframe. The neckline has been broken with notable bullish momentum, confirming the breakout.
Key observations:
Pattern: Inverse Head & Shoulders
Neckline breakout at approximately $0.44
Projected measured move targets around $0.57
Current price trading above the breakout zone, showing strength
A retest of the neckline followed by a successful bounce would further confirm bullish continuation. Holding above the $0.44-$0.45 zone is key for the momentum to sustain.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
FET has formed a classic Inverse Head and Shoulders pattern on the 2H timeframe. The neckline has been broken with notable bullish momentum, confirming the breakout.
Key observations:
Pattern: Inverse Head & Shoulders
Neckline breakout at approximately $0.44
Projected measured move targets around $0.57
Current price trading above the breakout zone, showing strength
A retest of the neckline followed by a successful bounce would further confirm bullish continuation. Holding above the $0.44-$0.45 zone is key for the momentum to sustain.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Trade active
FETUSDT 22% up from the breakout zone!!Trade closed: target reached
Target achieved!! After a perfect retest to the same level.
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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.
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.