Most of the altcoins are bottomed out after a huge correction since the bullrun during Q1 in 2021.
It´s looks like that we are ready for a new market cycle. IMO we are currently in the Depression fase regarding the Market Psychology.
My analyse for the FET/USDT pair:
IF we will remain in the red area, we will be accumulating for another few weeks in a bearish trend.
IF we can hold the green candles and move to the yellow area, we will move back to a bullish trend.
In my opinion we will move to the yellow area (between 0,35-0,40$) and hold this spot with up and down movements within this price range.
We will need to test the new higher support levels, before we can move to the 0,40-0,50$ price range.
I am trying to accumulate more FET during the crossover for a new market cycle.
My prediction for FET for 12/2021-02/2022: between 3$-5$
Non Financial Advice, just an amateur TA student ;)