FET.AI ANALYSIS:
FET has broken to new lows, but staying inside of a strong falling wedge. The current daily green wick candle is breaching the new resistance. I expect this to be broken and a breakout of the wedge in a bullish tone to occur. The volume is still strong for FET even on the buy side with the recent low dip. The key take profit points are T1 at 454 sats, followed by T2 at 520 sats, and lastly T3 at 580 sats. ATR is nearing extreme lows at 30, and that is with the daily candle. Given that, plus the bounce on RSI gives this a much better chance of a clean breakout up to 200MA at T2.
Possible Entries: 400-415 sats
FET has broken to new lows, but staying inside of a strong falling wedge. The current daily green wick candle is breaching the new resistance. I expect this to be broken and a breakout of the wedge in a bullish tone to occur. The volume is still strong for FET even on the buy side with the recent low dip. The key take profit points are T1 at 454 sats, followed by T2 at 520 sats, and lastly T3 at 580 sats. ATR is nearing extreme lows at 30, and that is with the daily candle. Given that, plus the bounce on RSI gives this a much better chance of a clean breakout up to 200MA at T2.
Possible Entries: 400-415 sats