FET at a crucial point

10 thg 2, 2024

FET is at an interesting point. We had a spike in buying pressure on the 1D chart just above $0.50, which normally produces a price increase in the medium term, but there are a couple of channels on the 1-day RSI which are worth keeping an eye on. It's just about on the third touch of the upper limit of the downward channel so let's see if it breaks up or is rejected again. It's already broken the lower limit of the upward channel, showing some weakness. I think it's once more down before up for the bull run, but I'm not shorting here. Not financial advice.