Fetch.ai (FET) - Bullish divergence

14 juil. 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 août 2022

Transaction en cours

7 sept. 2022

Transaction en cours

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



Same also true on the BTC pair

7 sept. 2022

Note

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

7 sept. 2022

Note

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

17 sept. 2022

Transaction en cours

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

28 sept. 2022

Transaction en cours

3 nov. 2022

Transaction en cours

Do you...

never mind

9 déc. 2022

Note

'do you' confirmed.

Now, do you see where resistance is it?

6 janv. 2023

Transaction en cours

13 janv. 2023

Note

Up 230% so far, not bad.

There are some indications of...

19 janv. 2023

Note

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

22 janv. 2023

Note

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