$FET - chart request update: [07-09]
The current price is already down-20% from the 2.00$ zone!
As mentionned, the price is moving into a correction phase weekly.
The announcement of the new ASI token with the merger of #FET , #ocean & #singularity is probably linked to the slowdown in FET's rise. Investors are probably waiting for more news!
The current price has stopped exactly on the 0 point (yellow support) mentioned on my chart at $1.585 - $1.590.
The RSI daily is also oversell ( <30) which indicate a possible trend reversal here.
If we look at the short-term time scale, I can also see a reversal pattern and a double top forming.
To confirm or deny the daily bearish break, price could retest previous support at $1,800 - $1,850, which should act as key future resistance.📈
To resume: 📈
BULLISH SETUP POSSIBLE SHORT TERM --> 1.850 $ 🎯
Have a nice week froggy team! 🐸
