Fetch.ai (FET) - Bullish divergence

١٤ يوليو ٢٠٢٢

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

١٦ أغسطس ٢٠٢٢

تم فتح الصفقة

٧ سبتمبر ٢٠٢٢

تم فتح الصفقة

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



Same also true on the BTC pair

٧ سبتمبر ٢٠٢٢

ملاحظة

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

٧ سبتمبر ٢٠٢٢

ملاحظة

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

١٧ سبتمبر ٢٠٢٢

تم فتح الصفقة

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

٢٨ سبتمبر ٢٠٢٢

تم فتح الصفقة

٣ نوفمبر ٢٠٢٢

تم فتح الصفقة

Do you...

never mind

٩ ديسمبر ٢٠٢٢

ملاحظة

'do you' confirmed.

Now, do you see where resistance is it?

٦ يناير ٢٠٢٣

تم فتح الصفقة

١٣ يناير ٢٠٢٣

ملاحظة

Up 230% so far, not bad.

There are some indications of...

١٩ يناير ٢٠٢٣

ملاحظة

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

٢٢ يناير ٢٠٢٣

ملاحظة

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