FET breakout from wedge, retesting level, buying zone!Morning fellow traders!
So far, FET have been flagging out of the falling wedge, before the sudden 20% spike we saw yesterday. This spike quickly got sold off again, and we're back to retest the level for the third time. This is a LOW RISK trade. You'd want to enter within the green zone, and place your SL at/below the red line. If we break the red line, we are likely to retest the lowest point on the chart, which is from the listing-day. The black lines are representing different levels you'd expect FET to respect if we break up from here again.
I want to get this chart out as quickly as possible, so I'm cutting it here!
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FET
FET Descending WedgeFET was just released and has been extremely volatile. It's currently moving in a descending wedge, some sort of action should occur, could be up or down.
We just hit a short term double bottom at 8000 sat and also the bottom of the wedge, I'd buy in now at 8000-8100 sat and put a stop loss at 7900 sat. Low risk, high reward.
This is not financial advice. Proceed at your own discretion.
Playing Fetch For a 24-40%+ Reversal Swing Trade - Falling wedge structure with a 261.8% downside support.
- Hourly and 4 hour are showing Bullish Divergence
- Double bottom on price structure with a small breakout and retest of the falling wedge resistance turned support.
- Higher risk trade due to newer listing.
FET Fetch.ai Trade setup after big move, now in correction.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.