FET possible Roadmap until June 2023This is the monthly chart of FET.
As you know, we had AI hype in Jan, and FET is one of the AI coins. The hype has just started, and 2023 will be an excellent year for this narrative.
The best buy zone for this correction would be ~$0.114-$0.183; you can accumulate FET in Q2 for the final run with a target above ~$2 in Q3.
Patience is key here, don't rush to get into the trade, wait patiently, and enter at the "right" time.
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FETUSDT trade ideas
FET:USDT - Algo target: $3.90, targets 1900% to +6100%, epic R:RFetch.AI had a perfect reaction at the golden pocket so the algos should be behind it targeting $3.90. A mean reversion trade is in play with 80% odd of hitting the target, currently at around +10x. Price has reacted at the local 0.5 fib so there's potential for this to be the local low but there's still a chance to dip to the golden pocket. There's an insane R:R for these trades.
Key points:
Pitchfork Mean Reversion for Modified Schiff hit
Pitchfork Mean Reversion for Original still in play (+10x from here with 80% odds)
Algo target at $3.90
1:1 of the swing range projected from the low gives a target of $8.2
Currently above monthly support
Currently below monthly resistance
0.5fib entry R:R = 220R & 369R
0.618 entry R:R = 345R & 745R
The trade:
Entry 1: Here, or close as possible to the 0.5fib (currently 0.1910)
Entry 2: 0.618fib @ 0.135
Entry 3: add to position if there's a reaction and retrace at gold zone
Target 1: $3.90
Target 2: $8.28
Target 3: median line touch - may happen before other targets
Stop 1: just below the pervious low at the 0.5fib @ 0.17
Stop 2: just below the 0.65fib @ 0.1221
Stop 3: set based on fibs from additional entries
Risk management: the stop loss is a significant drawdown @ about 8% so compensate for this by entering with a smaller position (risk no more than 2% of account balance for the drawdown)
If given the opportunity with additional .618 retracements add to position & move stop to new .707.
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Fetch AI (FET) Possible Double Bottomโข Lately it seems that the AI narrative is gaining traction again. Fetch could be one of the crypto assets that stands to benefit from said hype.
โข Fetch has been in a downtrend since February 8th, and it looks like it is forming a double bottom with multiple bullish divergences.
โข FETโs double bottom neckline is at the 0.285 USD level . Breaching the neckline and testing it as support could be a long trigger.
โข Although FETโs chart in and on itself seems to support a bullish reversal it is advisable to keep an eye out on Bitcoin. Bitcoin faces resistance at the 28,000 โ 28,500. If it can flip the 28K level to support, I think that Fetch is good to go. IMO, most alts, FET included, are not strong enough to disregard Bitcoin and just go up.
โข Keep an eye on the RSI. IF it breaks out of the channel, it could be an indication that there is momentum behind the move up.
My Trade Idea:
โข Entry: 0.285
โข SL: Previous candle low. If you have confidence in Fetch, you can give it more space. Personally, I am not 100% sure about this so I will keep the SL tight.
โข Targets: 0.31, 0.35, 0.385, 0.43
NFA
Feedback will be appreciated.
Best wishes to all.
FetchAI (#FETUSDT): Downtrend Intact, Potential Correction Ahead๐ #FetchAI (#FETUSDT) recently broke below the downtrend trendline, signaling a continuation of the downtrend. The current price sits at the 161.8% Fibonacci support, indicating a potential for a pullback. A correction could lead #FETUSDT back to the trendline breakout point near $2.4, coinciding with the VolumeProfile resistance.
๐ Sellers currently dominate the market, and only when the supply area turns into a demand zone should we consider buying opportunities. Until then, we should be prepared for a possible downtrend continuation, with a potential 7% drop to the 261.8% Fibonacci support.
#FET๐ฐ#FET - Crypto - Binance
๐ฉ BUY TRADE !
๐ Good Entry Between : C.P - 0.240
๐ธ Falling Channel Is founded
๐ธ Falling trend has broken and tested in 4H candle.
๐ธ After Achieving 1st target (5%), Move stop lose to entry.
๐ธ Stop Lose Mentioned in the drawing.
๐ธ Stop loss after the close of the 4-hour candle.
โ
TDAWLY ยฉ
Fet povFet really has strong support and at the top of the white line a place of interest. keep in mind the ALT season is just around the corner so I would suggest a DCA at two levels then if the Altcoin season catches us in that range...then its go time. but if it decides to break then we will see the upside of things...
use DCA , low leverage and risk management
this is not an investment advice just a point of view
๐ฅ FET Bullish Divergence: Huge Upside PotentialFET was one of the major winners of the first few months of 2023, but has been severely lacking over the last months. However, after FET reached daily oversold levels on the RSI recently, it caught my attention.
At the moment I'm seeing a strong bullish divergence on the chart, which could be an indication of a reversal. I'm waiting for the price to close above the 0.266 levels, since it seems like a strong resistance. Once we're above there, we can look for long opportunities.
Risk-averse traders might want to take partial profits at 0.285 and 0.345, or even move the stop to break even at the very least.
FETCH.Ai long term more gain and shine ๐ฃ๐๐ฃHello ๐
we expect to see more gain for the price in log term targets ๐๐ฃ
Brief explanation ๐๐๐ก
it brings forward a blockchain platform that takes advantage of artificial intelligence in an attempt to help people automate everyday use.
The aim for Fetch.ai is to become a completely open and permissionless network that leverages AI to create a decentralized system that help by machine learning to execute tasks on the blockchain.
Fetchai is an interchain protocol
it harnesses the power of artificial intelligence to implement automated applications that are P2P without any human interference.
Fetchai was launched back in February 2019 through an Initial Exchange Offering (IEO) on the Binance Launchpad.๐
Please, feel free to share your point of view, write it in the comments below, thanks ๐
FETUSDTFet lost important support and the closest support seems to be in the 0.25 range. I expect the trend to react to the price of 0.2650 and go back up to the 0.3 resistance. But in the end, everything depends on the trend of Bitcoin.
Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
Long FET
FET, an AI crypto, has been consolidating in a bull flag for 3 months.
At this moment, its price are right above the lower trendline, above the weekly resistance and the Fib 0.236: a good confluence .
I'm long here. Once the flag is broken, the next Fib. 0 would be the final target.
On 1W time-frame, here below is my view: