Hello traders similar set up to my analysis on FET. In fact all alts are displaying the same kind of pattern at the moment. Looking to go long based on the time away from the mean. Bullish pennant setting up on weekly timeframe It hit the S3 pivot on the Weekly. Stochastic and MACD rising. Need an increase in volume for conformation. Take profits for me personally are 0.44-0.6C. Breaks above the pivot and finds support next TP is 0.8C. Invalidation point and stop loss is 0.1903. If Alt season starts first before the breakout will do another updated chart with further price targets. As always trade the higher time frames, Daily, Weekly, Monthly. Use proper risk management. NFA
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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.