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FETUSD trade ideas
FET Wave 2 Complete?NYSE:FET (Fetch.ai) appears to have completed a wave 2 pullback and looks set for the next move up towards $1.1
Price swung below the bottom of the wedge, tested the S1 daily pivot and 61.8 Fibonacci golden pocket. It quickly recovered with a bullish engulfing daily candle negating the 3 previous days bearish price action.
A close above the top wedge line and daily pivot will be the signal to go long again.
Analysis is invalidated below $0.54 and that will bring up a downside target of $0.34 which is the ascending macro support from June 2023.
Safe trading
FETUSD is an excellent buy, targeting at least $3.75Artificial Superintelligence Alliance (FETUSD) or otherwise known as FETCH.AI has been trading within a multi-year Channel Up and right now is on its latest Bullish Leg and quite possibly the last for this Cycle.
Given that all similar Bullish Legs that started with 1W MACD Bullish Crosses that low, grew by at least +1012%, we expect a minimum Target for this Cycle at $3.75. If it follows the more aggressive +2041% rise of 2023/ 2024, we can even see $7.00 but that is the more optimistic scenario.
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Fet (Daily) Elliot Wave ii underway after ending diagonalFetch appears to have completed a motif wave (1) with an ending diagonal after finding a bottom at the major support high volume node (HVN) macro wave 4.
Wave 2 has not retraced as deep as other alt coins showing strength in the move up. The downside target is just above the wave (1) swing high, the 0.618 Fibonacci Retracement.
Wave 3 should be a powerful move up taking price into all time high.
Failure to hold this support could see price heading back to fresh lows and testing the $0.35 HVN once more.
Safe trading
FETUSDTSET UP BUY LIMIT FEDUSDT 📈📝🚨🚨
DISCLAIMER:
what I share here is just personal research, all based on my hobby and love of speculation intelligence.
The data I share does not come from financial advice.
Use controlled risk, not an invitation to buy and sell certain assets, because it all comes back to each individual.
Wyckoff distribution on FET/USDI noticed this Wyckoff distribution pattern that has formed on the 1h time frame for FET/USD and it convinced me this might be a good time to step out and wait.
The crypto market has been going sideways since last week now and we didn't really get a strong rebound after the selloff a few days ago. Even with the positive Macro news it's starting to feel like there's just not enough buyers around right now to push BTC and everything else to higher highs. My advice is to be cautions now and wait for a correction, then enter at more favorable prices.
FET - Next Pump Comin SoonFET
Looks like a 3 wave correction with shallow and cause building 3rd wave that you could call a Wycoff Creek.
Could be a great buy right here; looks set to pump again soon.
FET apparently is a super big deal in AI and it has a super long name to boot.
This coin really does pump hard.
If you can buy the dip right then it can be a great ride.
This was a deep dip back in the 2023:
And the first solid dip in this wave up was as the 2 week candle closed a hammer within a 1:1.618 Golden Window.
And this is a nice opportunity here before this coin becomes a runaway train again.
Not advice
FETUSDI sold every single FET I had at around 2.50s in May 24 and I've not been really interested in it since then, apart from a few short term traders. It's always been a terrible asset to trade frequently, a pain to wait for it to do its thing and then everything happens in a matter of few weeks. As if it's not enough, the merger made it even less attactive.
Anyway, this chart is from December and finally it's in my buy zone. If the qFVG doesn't hold, then i think it'll go down to htf golden pocket for a 98% retrace from ATH. The team behind is relentlessly building and making partnerships, so i think its time can come again.
After an 80% Drop, Is FET Finally Ready to Reverse?Exactly one year ago, FET reached its all-time high of $3.5, but since then, it has experienced a steep decline of over 80%.
However, the coin has recently found strong technical support around the $0.45 zone, which, in my view, signals a potential rebound on the horizon.
Currently, FET is trading near $0.52, and from a psychological standpoint, being around a key round number and its Binance listing price, we could see a bounce from these levels.
With this in mind, I anticipate a trend reversal, with an initial target of $1 in the near future. Additionally, $0.80 stands as a significant resistance level and could serve as an interim target before further upside movement.
From a risk-reward perspective, this setup offers an attractive 1:5 ratio
Breakout on the horizonLooking on the daily timeframe, we've seen a clear downtrend from the $2.24ish highs, with price respecting this descending trendline for months. However, we might be approaching a significant reversal opportunity.
If price can close decisively above the trendline, this could trigger a significant rally targeting the $1.00 psychological level first, with potential to reach the $1.05-$1.12 zone.
Entry strategy:
Stop loss below recent low at $0.46
First target: $1.00
Second target: $1.12
50% Jump incoming!Price has reached a critical support zone - Looking for strong rejection or breakdown.
Bollinger Band Contraction
Bands (purple lines) showing significant narrowing
Price consolidating near the lower band
Squeeze pattern suggesting imminent volatility expansion
TTM above zero line
VFI (Volume flow indicator by Markos Katsanos) (not shown on chart)
Crossing above zero line - buy signal
Given the bearish context, any long positions require tight stops
FET Building familar structureFET 8H chart--Same structure building as last time
BULLISH SCENARIO: from this range we continue up to the next "high traffic" area ($1.20-1.50). This would be a 50% move or so, def an area to take profit. If $1.20-1.50 gets flipped and holds, price should move up into the trendline.
BEARISH SCENARIO: Price rejects here and moves down to stophunt the FEB low around .60. This is where we should see a nice reaction to the upside.
Thanks for reading!