FET/USDT — Symmetrical Triangle: Ready for Breakout or Breakdown
Summary
The FET/USDT (1D) chart is forming a symmetrical triangle — a consolidation pattern where descending highs and ascending lows converge. Price is trading around 0.7020 inside a tight range, with volatility shrinking as it approaches the apex. Major resistance levels are 0.9089, 1.2319, 1.6173, 2.2200, while the key support lies at 0.3444.
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Pattern Explanation
Pattern Name: Symmetrical Triangle.
Nature: Neutral; direction depends on breakout confirmation.
Context: Formed after a strong downtrend (Dec–Apr) followed by higher lows since April, suggesting possible accumulation.
Key Point: Breakout/breakdown probability increases as the price nears the apex. Always confirm with volume.
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Measured Move Projection
Triangle height: 2.2200 – 0.3444 = 1.8756.
Breakout projection from ~0.7020 = 2.5776 (long-term measured move target).
Realistically, price will face major resistances first: 0.9089 → 1.2319 → 1.6173 → 2.2200.
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Bullish Scenario
Confirmation:
Daily close above descending trendline and ideally 0.9089.
Volume expansion above average.
Retest of breakout zone turning into support.
Targets:
Conservative 1: 0.9089.
Conservative 2: 1.2319.
Aggressive: 1.6173 → 2.2200 → measured move ~2.58.
Trading idea:
Aggressive: enter on breakout with stop loss below breakout candle (~<0.65).
Conservative: wait for breakout + retest above 0.9089, enter on retest.
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Bearish Scenario
Confirmation:
Daily close below ascending trendline.
Volume spike on sell-side.
Retest failure of broken support as resistance.
Targets:
Initial target: 0.3444.
Extended bearish levels: 0.30 → 0.20 if momentum accelerates.
Trading idea:
Short on retest after breakdown or enter on close confirmation.
Stop loss above retest level (e.g. >0.75 if breakdown occurs around 0.70).
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Key Notes / Risk Management
Watch volume for confirmation, avoid fakeouts.
Confluence with indicators: RSI, MACD, MA 50/200.
Manage risk: use stop loss, avoid overexposure (1–3% per trade).
Keep an eye on fundamentals or project-related news that could trigger sudden volatility.
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FET/USDT — forming a Symmetrical Triangle near the apex. A breakout above 0.9089 with strong volume could target 1.23 / 1.62 (ext. 2.22 → measured ~2.58). Breakdown below the rising support risks a drop toward 0.344. Always wait for confirmation and manage risk.
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The FET/USDT (1D) chart is forming a symmetrical triangle — a consolidation pattern where descending highs and ascending lows converge. Price is trading around 0.7020 inside a tight range, with volatility shrinking as it approaches the apex. Major resistance levels are 0.9089, 1.2319, 1.6173, 2.2200, while the key support lies at 0.3444.
---
Pattern Explanation
Pattern Name: Symmetrical Triangle.
Nature: Neutral; direction depends on breakout confirmation.
Context: Formed after a strong downtrend (Dec–Apr) followed by higher lows since April, suggesting possible accumulation.
Key Point: Breakout/breakdown probability increases as the price nears the apex. Always confirm with volume.
---
Measured Move Projection
Triangle height: 2.2200 – 0.3444 = 1.8756.
Breakout projection from ~0.7020 = 2.5776 (long-term measured move target).
Realistically, price will face major resistances first: 0.9089 → 1.2319 → 1.6173 → 2.2200.
---
Bullish Scenario
Confirmation:
Daily close above descending trendline and ideally 0.9089.
Volume expansion above average.
Retest of breakout zone turning into support.
Targets:
Conservative 1: 0.9089.
Conservative 2: 1.2319.
Aggressive: 1.6173 → 2.2200 → measured move ~2.58.
Trading idea:
Aggressive: enter on breakout with stop loss below breakout candle (~<0.65).
Conservative: wait for breakout + retest above 0.9089, enter on retest.
---
Bearish Scenario
Confirmation:
Daily close below ascending trendline.
Volume spike on sell-side.
Retest failure of broken support as resistance.
Targets:
Initial target: 0.3444.
Extended bearish levels: 0.30 → 0.20 if momentum accelerates.
Trading idea:
Short on retest after breakdown or enter on close confirmation.
Stop loss above retest level (e.g. >0.75 if breakdown occurs around 0.70).
---
Key Notes / Risk Management
Watch volume for confirmation, avoid fakeouts.
Confluence with indicators: RSI, MACD, MA 50/200.
Manage risk: use stop loss, avoid overexposure (1–3% per trade).
Keep an eye on fundamentals or project-related news that could trigger sudden volatility.
---
FET/USDT — forming a Symmetrical Triangle near the apex. A breakout above 0.9089 with strong volume could target 1.23 / 1.62 (ext. 2.22 → measured ~2.58). Breakdown below the rising support risks a drop toward 0.344. Always wait for confirmation and manage risk.
#FETUSDT #FET #CryptoAnalysis #TrianglePattern #Breakout #AltcoinAnalysis #SupportResistance #CryptoTrading #TechnicalAnalysis
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.