Fetch.ai (FET) - Bullish divergence

14 lug 2022

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

16 ago 2022

Trade attivo

7 set 2022

Trade attivo

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



Same also true on the BTC pair

7 set 2022

Nota

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

7 set 2022

Nota

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

17 set 2022

Trade attivo

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

28 set 2022

Trade attivo

3 nov 2022

Trade attivo

Do you...

never mind

9 dic 2022

Nota

'do you' confirmed.

Now, do you see where resistance is it?

6 gen 2023

Trade attivo

13 gen 2023

Nota

Up 230% so far, not bad.

There are some indications of...

19 gen 2023

Nota

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

22 gen 2023

Nota

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