I'm going to have to explain the trend to people now, my God, FET comes from a downtrend that went from $3 to $0.70, after which it started to form an upward channel, coming from $0.70 to $2.
In price action analysis, upward channels coming from a fall always break downwards, which we can call a bear flag, which can take FET back to 0.50, 0.60 and even 0.16.
For FET to break this trend it needs to break its old accumulation region at $2, where it would end with this bear flag.
If the market were not in a bull run and next Altcoin season, this would be a clear downtrend.
So keep in mind that FET needs to break $2 to remove this bear flag that is in the daily, coming from the fall of $3.
