Fetch.ai (FET) - Bullish divergence

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

การซื้อขายยังคงดำเนินอยู่

การซื้อขายยังคงดำเนินอยู่:

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

Same also true on the BTC pair

ความคิดเห็น:

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

ความคิดเห็น:

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

การซื้อขายยังคงดำเนินอยู่:

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

การซื้อขายยังคงดำเนินอยู่

การซื้อขายยังคงดำเนินอยู่:

Do you...

never mind

ความคิดเห็น:

'do you' confirmed.

Now, do you see where resistance is it?

การซื้อขายยังคงดำเนินอยู่

ความคิดเห็น:

Up 230% so far, not bad.

There are some indications of...

ความคิดเห็น:

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

ความคิดเห็น:

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