FETUSD trade ideas
Fetch A.I. nearing the top trendline of its falling wedgeNot sure how long it will take it to break upward from this wedge so the measured move line and breakout target is currently placed in an arbitrary location that will obviously need adjusted to wherever it legitimately breaks up from. Not exactly sure how this chart will be effected by the merger of fetch, singularity nd the other ai chain merge. Wil have to wait and see. Will update this chart whenever we get a legitimate breakout. *not financial advice*
FET - Risky play, probably fine for long-term holdersFET is one of the more riskier plays here, it could pump but we had a recent death cross on the daily on July 11th. We are close to peak greed, so I'd like to see the fast line hook up to confirm we have room to run. Personally, I'm not setting a SL here because I'm waiting until after the merge to ASI to see how things go but it's never wrong to TP if you made money or have a lighter risk profile.
Fetch.Ai, I love the action on this chart.Definitely one of my favorite altcoin charts. Clean price action, very readable. Actually had to stop myself from drawing too much on the chart. I personally have been leaning neutral/bearish on the whole market until liquidity conditions improve. Nothing changes for me in the long term. Different conditions create different opportunities.
FET - Consolidation nearly over?CRYPTO:FETUSD The volume-weighted moving average (VWMA) anchored to the October 2023 momentum breakout has acted as support. FET is now testing the Anchored VWAP (AVWAP) from the beginning of the December 2023 consolidation. When it cleared this AVWAP in February, it went on to make a 400% move to the March high. FET has also reclaimed its 21 VWMA and 200 SMA. The 200WMA:200SMA cloud is positive, and it is testing the 50 EMA and 200 WMA. We also have a positive signal crossover on the LMACD and the composite index.
These are all favorable signs, but I will look for additional confirmation before making a move. I'd like to see it clear the AVWAP from the March high and clear and retest the 0.618-0.786 Fibonacci retracement levels. This suggests a potential for gains in the $3.00-$3.50 range at the lower end, with the possibility of reaching a new high in the $4-$5 range. This scenario would be invalidated and require new analysis if we see a move below ~$1.25.
Don't forget that we also have the coin merger with OCEAN and AGIX into FET in July, followed by a conversion to ASI. Depending on how the merger goes and other market conditions, this news event could be a short-term catalyst for either a move higher or a panic selloff. I remain very optimistic about the long-term opportunity.
FET - Daily Shortterm Trend & Support/Resistence Trade SignalFET - Daily Shortterm Trend & Support/Resistence Trade Signal
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FET now completed a correction and are ready to return to gain higher.
The new opportunity at the current price
🟢 Trend: Bullish 🚀
🟢 Support: $1.47
🟢 Target: $ 8.8
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Current: $1.58
$FET Long Term Forecast #FET Long Term Forecast
When NYSE:FET , MIL:OCEAN and SEED_DONKEYDAN_MARKET_CAP:AGIX merge into CSELK:ASI next week, I don't expect there to be much deviation from price. Especially given NYSE:FET holders are going to get 1:1 for $ASI.
It all depends on where CSELK:ASI lands in the wave up, which is supposed to be in the next week.
A more bullish interpretation goes for triple digits, but the alternation looks good from 2 and 4 in duration and form convincing me we're completing a wave 3.
Good luck.
#fetch.ai #fet Long-Term targets, until end of 2025
According to Elliott's wave count indicated on the chart, the rise from 2020 to 2021 took place during a five-wave, where either wave 1 is bigger than a five-wave or wave A is bigger than a three-wave.
Considering the possibilities ahead, we can estimate the possible goals of Link until the end of 2025 as follows:
TARGET1: 8.9$
TARGET2: 23$
TARGTE3: 63$
TARGET4: 103$
ENTRY: 2.4-1.3$
STOPLOSS: 1$
FET Target $2.95 You can buy now or at entry, up to you. ATR KROLL STOP has declared a NOW entry. This indicator is hard to use but it becomes easy to use. I’m sure many don’t use it. If you study it: it works magic. It has a pattern. It took me months to understand it in good and bad times.
Smart money contraction is on a 6min TF.
Double bottom found with point and figure chart type. If you dare mix it with Heiken Ashi, you might get deceived.
If you blind fold yourself to the FET price and just chill and stick to this point and figure, you’ll stay motivated because it has a long longer timer than Heiken Ashi.