FET by R/R:1💚Support Our idea on TradingView 🙏🏼by boosting 🚀
📈R/R:1 in two position
📊 (Entry) : 1.547
🔴 Stop Loss : 1.510
🎯 Take Profit : 1.590
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FETUSDT trade ideas
FET/USDT bullish horizons? what next💎 Paradisers, let's focus on #FETUSDT, as the current trend offers a glimpse of a potential bullish turnaround from its vital support zone.
💎 Reviewing #FetchAi's latest market activity, we notice a significant 35% drop from its recent high. Yet, the steadfastness around the support level of $0.5718 suggests a doorway to an upward journey.
💎 Despite the hurdles in achieving new highs or surpassing previous milestones, which has led to a temporary bearish sentiment, the $0.5718 threshold is pivotal for #FET. This level is on the cusp of initiating a considerable bullish movement upon another assessment.
💎 As forward-looking traders, we're always equipped with a backup plan. Should #FET descend further from this support, we're eyeing a bullish revival starting from the secondary support at $0.529. It's important to remember, a fall through this level could indicate a move into deeper bearish territory.
💎 Maintain adaptability in your strategies and keen observation of market trends, Paradisers. Your ParadiseTeam is diligently watching, ready to navigate you through these evolving market conditions.
FET is shaping up to be a clear winner of this bull market cycle- a 2019 shitcoin that is now somehow someway almost trading at new ATHs on a wick basis and already trading at new ATHs on a closing basis
- with it being an AI coin and looking at what NVIDIA is doing in traditional markets it makes sense that AI coins are going to be the hottest narrative of this cycle
- with a setup similar to BNB in 2021 before its run to +600 dollars I can easily see FET at sub 20 dollars before this bull run is well and truly over
Fet Ready to Rip?After the 3 day decline of approximately 20% Fet may be ready for a 10% retrace or another massive leg up. Higher time frame are still over sold but lower time frames are looking more bullish with plenty room to range.
It is hard say how far these can go but AI related projects have been on a relentless tear to the upside. The high may or may not be in and really can't be known but a retrace would be signficant and continuation should be expected until there is brake of trend.
This is the hourly chart and price has pulled back to its trend with hourly osicllators fully reset.
Current Trading Plan:
The 3 day decline produced a 20% range. Trade the retrace to the 50% area and look for signs of continuation. The current low is clear point of invalidation
Trade Well
Your Friend,
Degen
FetchAI | Final Wave?I know. There are not any bearish signals; the chart is super bullish; it is going up.
But... The force of the final move, a massive jump from 5-Feb. through 21-Feb. has final wave potential.
If we look at FETUSDT past action or any bullish action across hundreds of Altcoins, the growth is always gradual. There are moments when the force is strong and these moments mark the end of an impulse.
The last two weeks consist of parabolic growth, basically and yet trading volume is lower compared to November and December 2023. There is a bearish divergence with the RSI.
Lower volume as FETUSDT hits a new high, signals that the bullish trend is losing strength.
I have to admit it, I don't know if this is the peak nor expect it to be; I drew the arrow though on the chart.
Peak or not peak, caution is advised at this point.
If I were a FetchAI holder, I would be looking at the option of taking profits because the best time to take profits is on the way up.
There are two ways to take profits: (1) On strength (moving up as is happening now) or (2) on weakness (when the top is confirmed and reversals signals are clear).
I hope you find this information useful.
Namaste.
FET/USDT Could FET Make a New ATH Or rejected back to demand ?💎 FET has recently encountered significant market dynamics, experiencing a strong rejection at the resistance of its all-time high (ATH).
💎 There's potential for the price to undergo a downward retracement and retest the demand area to establish new momentum before attempting another breakout.
💎 Alternatively, if FET manages to break out above the resistance without a retest, it probability could signal a move towards our target area.
💎 However, FET needs to bounce from the demand area and resume its upward trajectory in an attempt to break above the resistance level. Failure to do so could result in a breakdown below the demand zone, leading to further downward movement towards the support area.
The support area holds significant importance as it represents the last line of defense for bullish momentum. If this area fails to hold and FET breaks below it, it could signal a continuation of the downward trend.
[$Fetch.ai] I don't piss against the windGood morning, for this one,
Since I am late, no future trading at the moment waiting for a BIG retracement before jumping in but, as of now I will accumulate in spot, at each low, I will get a little more.
PLEASE I don't have time, so when it retraces let me know, I will do full analysis...
#FETUSDT | Ready to rise strong#FET
The price is moving in a descending channel for 1 day
We also have a breakout of the channel to the upside
We have a strong support area at .5321 level
We have a higher stability moving average 100
Entry price is 0.6145
First target 0.6439
Second goal 0.6883
Third goal 0.7399
FET - Make or Break Zone Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
After breaking above 0.6, FET surged by 80% and it is currently rejecting a major weekly resistance at 1.0 - 1.05.
📈 For the bulls to remain in control and take over from a macro perspective, we need a weekly candle close above 1.05.
On H1: Right Chart
📉 If the last major low in red at 0.885 is broken downward, expect the bearish correction to start
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
FET Is The Next BNB - MOON Coin MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
FET Is The Next BNB- Its a MOON Coin
It has very good structure and price action , it reminds me of how BNB set up last Bull market before it went parabolic
I would not sleep on it Please watch the video for more information
MartyBoots
All aboard the FET Short Train!In my opinion FET is playing out a textbook top in the market currently.
We are facing a potential top in Bitcoin much like the first phase of the bull runs in 2015/2016 and 2019/2020. We could play out a scenario similar to either one of these historical price history points.
The conditions are perfect to start a full sized FET short position IMO.
The first take profit zone for me would be around 31-36 cents, which is into the .618 golden pocket and just above it around support/resistance.
The second take profit is within the .786 pocket around 17.6 cents to 23 cents.
That is where I would expect FET to stop falling if we have a 2015/2016 like scenario and BTC finds support around 30K.
If we get a 2019/2020 Scenario after a FED pivot rally in March (approximately), then the market will keep crashing hard in response to recession, and a big ultimate take profit zone could be around .05-.096 cents. It would probably be more profitable to start are new trade after the market bounces and fails at resistance in order to trade to these lows.
Obviously use a stop/loss! Use it according to your risk/reward parameters.
I will do my best to keep you updated!
Thank you!