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without_worries
14. Jul. 2022 14:12

Fetch.ai (FET) - Bullish divergence Long

Fetch.AI / TetherUSBinance

Beschreibung

Some alt-token sell offs are ridiculous. Have no idea who is selling after a 90% correction. The secret is to buy low, sell high.

On the above 1-day chart price action has corrected 90% since last November. Now is a excellent moment to be long. Why?

1) The ‘incredible buy’ signal.

2) Regular bullish divergence. Multiple oscillators are printing positive divergence with price action.

3) RSI resistance breakout.

4) Price action tests past resistance (see weekly chart below).

Is it possible for price action to fall further? Sure.

Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: Don’t know.

Weekly chart - Price action testing past resistance

Trade ist aktiv

Trade ist aktiv

Excellent moment to be long, price action breaks from falling wedge on Fib level



Same also true on the BTC pair

Kommentar

A 'great buy' signal printed on the BTC pair. Hold it until the upper side of the channel for 800%

Kommentar

That was the weekly pair above, the 10-day below

Trade ist aktiv

Weekly chart confirms support on past resistance. Be patient and you'll be rewarded.

Trade ist aktiv

Trade ist aktiv

Do you...

never mind

Kommentar

'do you' confirmed.

Now, do you see where resistance is it?

Trade ist aktiv

Kommentar

Up 230% so far, not bad.

There are some indications of...

Kommentar

Currently overbought with sell signal. Look for support at 18-19 cents.

Kommentar

Take profits - don't let emotion hoodwink you into greed, it is all too easy.

Kommentare
soscastoa
Thanks for the update 👍
behdark
I read your analysis carefully,it was helpful
SwallowPremium
Well done! We also have the same opinion)!
CoinWiseTrader
When to close the trade, this coin is already pumped, should I take an entry now?
without_worries
@techlosoft, What does your strategy tell you?
CoinWiseTrader
I think you are doing a great analysis than me, so I'll leave it to you, what do you suggest at this stage?
without_worries
@techlosoft, Thanks. First thing is first get a plan. If you don't have already then get over to my website and I'll sort you out.
CoinWiseTrader
I also see AI coins trends in 2023
KARO-PENNY
is this trade still active?
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