Crypto – FET status update

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.

By admin