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Fetch.AI / TetherUS PERPETUAL CONTRACT

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FETUSDT.P trade ideas

TradeCityPro | FET : Will the AI Crypto Trend Reignite?👋 Welcome to TradeCity Pro! In this analysis, we’ll examine FET Coin, a prominent AI crypto project that gained substantial traction following the rise of AI models like ChatGPT. 📅 Weekly Timeframe: Consolidation and Correction After a Bullish Run On the weekly chart, the AI crypto trend led to significant buying volume for FET, driving its price up by 5000% from early 2023 to a new high at $0.283. Currently, the price is in a correction phase. 📈 Throughout its uptrend, the price has followed a trendline. Now that the price has returned to this line, the key question is whether the trendline will hold or break. If a candle closes below this trendline, the trend reversal will likely be confirmed with the break of the $0.852 support level. 🧩 Additionally, the SMA99 has historically acted as a dynamic support, sitting below the candles over the past year. If the price revisits this SMA, it could act as a support level again. However, a break of both the SMA and the $0.852 level would confirm a bearish reversal. 📊 On the RSI, the critical level of 37.74 has prevented further declines twice already. A break of this support would signal a loss of bullish momentum. 🌱 Conversely, if the RSI surpasses 55.17, bullish momentum and significant buying volumes could return to the market. In the event of a breakout above the all-time high at $2.83, Fibonacci projections suggest long-term targets at $10.225 and $20.235. However, these targets are symbolic and contingent on the trend continuing. If the trend reverses before these targets are reached, exiting positions early would be prudent. 📅 Daily Timeframe: At the Apex of the Triangle On the daily chart, the price is forming a symmetrical triangle, created by the confluence of a descending trendline and the ascending weekly trendline. 🔍 A breakout in either direction will determine the price movement for the coming weeks. Given the higher credibility of the ascending trendline due to its longevity, the probability of breaking the descending trendline increases. 🔼 If the descending trendline is broken to the upside, expect bullish movement, and $1.802 serves as an ideal trigger for entering spot or long-term futures positions. Resistance levels to watch are at $2.263 and $2.543. 📉 However, if the descending trendline holds and the $1.053 trigger is breached, this would confirm a bearish Medium Wave Cycle (MWC). The next support would be at $0.784. ⚖️ Given the proximity to the triangle's apex, oscillators and indicators may provide unreliable data, so they were not considered in this timeframe analysis. 👑 FET/BTC Pair: Symmetrical Triangle Breakdown On the FET/BTC chart, a symmetrical triangle has already broken to the downside, with the breakout trigger at 0.00001386 now activated. 🎯 Currently, the trend appears bearish, with the next support levels at 0.00001221 and 0.00001001. If the RSI drops below 30, expect even stronger bearish momentum. 🔑 Conversely, if the resistance at 0.00001886 is broken, bullish momentum and volume may enter the market. In this case, potential upside targets are at 0.00002655 and 0.00006840. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice . Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
FETUSDT - Aiming for a 170% UpsideFET/USDT is showing a promising setup on the daily chart, as the price has stabilized after a prolonged downtrend. This area could serve as a strong base for a potential upward movement, especially given recent market conditions. Why Enter This Trade? Support Zone: FET is trading near a key support level where it previously found strong buying interest. This could act as a launchpad for a recovery. Trend Potential: The broader market trend for AI-related projects has shown resilience, and FET is positioned to benefit if this sector sees renewed interest. High Reward Potential: With a target of 170% on the upside, this setup provides an excellent risk-to-reward ratio if the bullish reversal plays out. As always, discipline is essential. We’re not simply betting on a bounce but positioning ourselves strategically to capitalize on a potential rally if momentum shifts in our favor.
Long
by HedonistTrade
4
FET | ALTCOINS | TOP ALT for coming ALTSEASONFETCH was one of my TOP altcoins for 2024, and has seen some more increases since my lst update. (Find the previous update here :) THIS is the initial introduction to FETCH in January, when I identified this as a good buy for 2024: I'm optimistic for the remainder of 2024; FETCH and other alts will see great increases as soon as BTC takes a breather and trades sideways for a few days. _______________________ BINANCE:FETUSDT
Long
by CryptoCheck-
8
FET might be a good investment.Hello, fellow traders! This is my analysis on Artificial Superintelligence Alliance, formerly known as Fetch.ai (FETUSDT). I will call FET in short. In my previous post on FET, I’ve marked that price breaking through the resistance line could signal a possible uptrend in future. 1️⃣ Analysis In the daily chart, we see FET in a continuous downtrend after peaking on March 28th. The red resistance line is drawn based on September 24th’s high and October 15th’s high. However, when extended to the left, we see the line very close to ATH, increasing its relevance. For the last 8 months, the price didn’t even come near the resistance line but has been constantly touching it for last 2 months. And on November 5th (election day), we see the breakout. So this is where we enter long, right? Not quite. When we draw another (purple) resistance line based on ATH and May 22th’s high, we see price reacting to the line as it approaches it on August 25th. It eventually broke through the line on September 10th (which was a day for a debate between Trump and Harris, though I find little to no connection between those two. BTC and many other cryptos did not have notable reaction.) The breakout led to some uptrend until the end of September, when the price started to decline again. It was only after the election when the price rebounded. 2️⃣ Expectations I feel positive about FET’s future but we might see a pullback before the uptrend. Looking at the daily chart of Tron, we see price breaking through the resistance line on July 27th, but the uptrend begins only after the price (almost) retests the former resistance line, which has turned into support following the breakout. While Tron may not represent FET’s exact future, it gives us an idea of how the price might move in near future. Tron is one of the biggest cryptos in the market with market cap of 14 billion dollars. FET being smaller with 3.9 billion, it’s still one of the leading cryptos. Its current rank is 28th, category being layer 1 and AI. Difference between Tron and FET is that while Tron’s breakout showed a lot of hesitation, FET’s breakout was more decisive and was fueled by the election results. And with the current bull rally of the market, odds of FET reaching its ATH look positive. The price may continue to move upwards, or it may reach AoC (Area of Confluence) marked as a red box first before continuing the uptrend. AoC is where the price action zone and the support line (formerly a resistance) meet. If we confirm a reversal at the AoC, we may enter long. 3️⃣ Key approach Our first strategy is to enter long after confirming reversal at the AoC. The price, however, may not reach the AoC at all and continue to rise. This is possible due to the current market sentiments. We currently see price being retested as it touches the white trendline. If we see the price successfully passing the yellow AoC box, we may be more confident in an uptrend. 4️⃣ Other approach I don’t have different approach for this analysis. 5️⃣ Considerations While future of FET looking promising (for now), it is wiser to stay cautious. The breakout on November 5th and the current market sentiments both suggest promising future for this crypto. However, we always want to enter AFTER the confirmation. Best scenario would be price being retested at the red AoC box before continuing the uptrend. I also want to note that while Tron’s chart may help us in analyzing FET, we cannot assume FET will exactly follow Tron’s movements. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. God bless :) Matthew 6 33-34
Long
by QJEEE
Alikze »» FET | Wave 3 or C bullish scenarioIn the daily and weekly time, after an upward cycle in the supply area, a complex mixed correction has been corrected to the 0.38 Fibo range of the previous wave, after which it faced demand. 🔰In the lower time, it went through a full cycle up to the green box area, which again grew up to the current area after a correction. 🔰If this wave is extended and breaks the resistance zone, it can continue to climb to the next zone, but if it encounters supply in the current zone, a correction cycle can be carried out to the previous major ceiling zone and then the continuation of the upward cycle. to do in the form of a large wave 3. If the behavior and structure of the post changes, it will be updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
3
SasanSeifi| From $1.00 to $1.70, What's Next for This Asset!?Hey there, ✌On the daily time frame BINANCE:FETUSDT , as you can see, we’ve seen a notable price increase from the demand zone around $1. At the moment, the downward trendline that had previously capped the market has been broken, and the price is now trading around $1.50. The overall market sentiment appears to be shifting bullish, and it is expected that the price could rise to the levels of $1.60 – $1.70. After this, considering the possibility of a consolidation or pullback phase, it is anticipated that the price will continue its upward movement and may reach the $1.90 level, followed by the $2 supply zone. If the price continues to rise, it will be crucial to closely monitor how the price reacts at these key levels in order to gain a better understanding of the next potential moves. The current important support zone is at $1.35. Therefore, before making any decisions regarding entry, it is highly recommended to carefully analyze the overall market conditions and pay close attention to the key support and resistance levels. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
$FETUSDT Heating Up for a Major Breakout!BINANCE:FETUSDT recently experienced an unsuccessful breakout from an inverse head and shoulders pattern, followed by a consolidation phase. Now, it’s forming a bullish channel and showing signs of strength, indicating that a significant upward move may be on the horizon. As always, remember to use a stop loss and invest only a small portion of your capital to manage risk effectively. BINANCE:FETUSDT Currently trading at $1.29 Buy level: Above $1.27 Stop loss: Below $1.05 TP1: $1.5 TP2: $1.75 TP3: $2.5 TP4: $3.5 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
FETUSDT with possible uptrendHello, traders! With election leaning heavily towards Trump, BTC on its new ATH, and possible rate cut this Thursday, we see crypto market on a bull run. In FETUSDT chart, we also FET breaking through the resistance line of the 7 months downtrend. FET(Fetch.AI now known as Artificial Superintelligence Alliance) has been in a constant downtrend since March with ATH being 3.4917USDT on 28th. We see the price respecting this months old resistance line except it decided not to today. This is due to a big excitement around the estimated election results. I was waiting for the breakout but it came earlier than I expected. If we confirm the breakout, we might see a new trend for FET, just like DOGE last month:
Long
by QJEEE