FET at an important point of decision. Possible break up to ATH

1 thg 3, 2019

The last 24h have proven itself with high volume and high volatility. We got several indications of FET trading within a symmetrical triangle at the time of writing. We are currently resting on the bottom trend awaiting a bounce, or a break down.

I am not going to point out exact targets yet, but a break up from the triangle will probably push FET to about 15000sats, above the ATH from yesterday.

A break down to the downside will make us test the zone at 9700sats. I will come back with more detailed analysis with targets once FET have chosen direction!

1 thg 3, 2019

Ghi chú

It's very possible this head and shoulders pattern will lead to FET breaking down from the triangle to test the 9700-9900sats zone.

1 thg 3, 2019

Ghi chú

FET is also forming a W double bottom reversal pattern at the line on the 5min/15min, so we got very conflicting signals on the scalp side rn, with a bearish head and shoulders, and bullish trend hold + W pattern.

3 thg 3, 2019

Ghi chú

FET broke down from the triangle and retested the high 9000s. Currently trading rangebound between 10k and 11k sats.