FETUSDT trade ideas
Update FETUSDTIt is possible that we are at the bottom of wave 4 out of five upward waves, and there is a final fifth wave remaining that will return to test the last peak again, and from there it will just go up.. All the data is on the chart.
Note: The analysis fails if it closes below an area 0.163 usdt
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
FETUSDT.1DBased on the provided market data, the currency FETUSDT appears to be in an overall bullish trend.
On a 4-hour timeframe, the Relative Strength Index (RSI) is at 72.54, which is above the typical overbought threshold of 70, suggesting that the asset may be overpriced and could experience a price correction. The Moving Average Convergence Divergence (MACD) is at 0.0271, which is positive, indicating the short-term momentum is greater than the long-term momentum and thus supports the bullish trend. The Bollinger Band (BB) is at 0.7801, which is above the current price, suggesting that the price is in the lower range, and there might be a potential for price increase.
On a daily timeframe, the RSI is at 75.12, which is also above the overbought level, indicating a potentially overpriced asset. The MACD is at 0.06040, which is positive and supports the bullish trend. The BB is at 0.7574, which is slightly below the current price, indicating the price is in the upper range and there might be a slight decrease.
On a 7-day timeframe, the RSI is at 85.65, which is significantly above the overbought level, suggesting the asset is highly overpriced and a price correction is quite probable. The MACD is at 0.097, which is positive, indicating a bullish trend. The BB is at 0.7609, which is slightly above the current price, suggesting the price is in the lower range and there might be an increase.
Overall, the asset appears to be in a bullish trend but also seems to be overbought, which could lead to a price correction. Therefore, it could be a good idea to wait for a potential price drop before entering a long position. However, this analysis is based on historical data and does not guarantee future performance. It's always recommended to consider other market factors and your risk tolerance before making an investment decision.
🚀 FET/USDT - Gem Coin for Bull Run 🌟Strategy:
Consider FET as a gem coin for the upcoming bull run.
Adopt a strategy of buying in every dip and holding in the spot.
Buy-in Range:
Accumulate in the range of %0.65 to $0.68 - $0.48 to $0.50.
Targets:
🎯 $3.5
🎯 $5.5
Caution:
Stay informed about the market conditions.
Be prepared to adapt to changing trends.
Potential Upside:
If the strategy aligns with the bull market, reaching $3 and $5 targets could be achievable.
🔄 Stay Watchful:
Remember, cryptocurrency investments carry risks. Make informed decisions and stay updated! 📈💹 #FET #USDT #CryptoInvesting 🚀📰
Continuing the upward trend(FET)❤️❤️Thanks for boosting 🚀 and supporting us!
📈For less risk, you can enter failure confirmation and pullback and hit the trend line.
📊 (Buy) : 0.5906
🔴 Stop Loss : 0.5234
🎯 Take Profit : 0.7028 - 0.8328
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
$FET FetchAi Liquidity Zones My current thoughts on FET are that we sweep liquidity in green, unless the above supply level is confidently flipped. We have a rounding off top (3rd attempt to break this level) with weakness showing.
Liquidity, untapped, remains below in green if it cannot push past this resistance area soon.
Another great opportunity to accumulate for the long term if we get green imo.
V
FET/USDT Elliott Wave CountFET/USDT Weekly chart , Elliott Wave Count.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
✴️ FetchAI Fast 50% Jump In The Making ($40K Bitcoin?)FetchAI (FETUSDT) just broke EMA100 as resistance and is starting to gain in bullish momentum.
I mentioned that this pair moved first in early 2023, one of the strongest, and its breakout revealed what was coming to the rest of the Crypto-market.
Now, many Altcoins aren't looking that beautiful, people still have their doubts about Bitcoin and what is likely to happen next. FetchAI can help you clear those doubts if you are part of that group, this chart is saying "massive strength".
We have a low 10-June followed by a higher low in August (based on session close), this is a repeating pattern all across the market. We see this pair moving forward and that's exactly what the rest of the market will do.
Here I am mapping a short-term move but this isn't likely to be all.
Almost 7 months of correction, it has to end at some point.
We are in a bullish trend, after the correction is over a higher high comes next.
✔️ Can't wait to see how it all develops... Positive!
✔️ Can't wait to see Bitcoin hitting above $40K... Easy!
Namaste.