Fetch.ai (FET) - Bullish divergence
Updated
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
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 active
Trade active
Excellent moment to be long, price action breaks from falling wedge on Fib levelSame also true on the BTC pair
Note
A 'great buy' signal printed on the BTC pair. Hold it until the upper side of the channel for 800%Note
That was the weekly pair above, the 10-day below Trade active
Weekly chart confirms support on past resistance. Be patient and you'll be rewarded.Trade active
Trade active
Do you... never mind
Note
'do you' confirmed.Now, do you see where resistance is it?
Trade active
Note
Up 230% so far, not bad.There are some indications of...
Note
Currently overbought with sell signal. Look for support at 18-19 cents.Note
Take profits - don't let emotion hoodwink you into greed, it is all too easy.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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