Weekly timeframe
FET has almost finished its correction for its 4th wave on the higher timeframe.
On the weekly timeframe, it looks like this:
Daily timeframe
On the daily timeframe, we are in the 4th wave correction, just below the resistance level.
I expect the price to finish the correction around $0.80 in the 5th wave.
To invalidate this analysis, we would need to see FET reclaim the $2 level.
4h Timeframe
On 4H the price is consolidating around the resistance level, we may see a retrace back to 1.3$ to resolve the imbalance and then we will see if it will hold and we will have another move towards 2$ or a continuation towards previous low.
