FET/USDT Analysis – Potential Inverse Head & Shoulders Formation
The daily chart for 
FET (Fetch.AI) is currently showing signs of forming an inverse head and shoulders pattern, a bullish reversal indicator. Notably, both the Money Flow Index (MFI) and the Volume Weighted Average Price (VWAP) are starting to turn upward, further supporting a potential bullish outlook.
Key support and resistance levels, along with the supply and demand zones, have been highlighted. It’s important to keep in mind thatFET faces resistance near the $1.561 and $1.870 levels, while support lies around $1.103 which is our weekly pivot.
Upcoming events, such as the FOMC meeting on September 17-18, could have a significant impact on global markets, including cryptocurrencies. Market expectations are leaning toward a potential rate cut, which may lead to a short-term pump across Bitcoin and altcoins, followed by a broader market correction.
As always, please conduct your own research before making any trading decisions. This is not financial advice.
FET (Fetch.AI) is currently showing signs of forming an inverse head and shoulders pattern, a bullish reversal indicator. Notably, both the Money Flow Index (MFI) and the Volume Weighted Average Price (VWAP) are starting to turn upward, further supporting a potential bullish outlook.Key support and resistance levels, along with the supply and demand zones, have been highlighted. It’s important to keep in mind that
FET faces resistance near the $1.561 and $1.870 levels, while support lies around $1.103 which is our weekly pivot.Upcoming events, such as the FOMC meeting on September 17-18, could have a significant impact on global markets, including cryptocurrencies. Market expectations are leaning toward a potential rate cut, which may lead to a short-term pump across Bitcoin and altcoins, followed by a broader market correction.
As always, please conduct your own research before making any trading decisions. This is not financial advice.
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