Analysis of#FETbottom-fishing reasons:

After piercing, a double bottom pattern with a four-fold reduction period was formed. After the correction after the rise, a bull flag pattern was formed. The MACD indicator has gone above the zero axis and did not break when stepping back to the zero axis. The EMA indicator shows a long arrangement. The bottom continues to rise, showing good technical support.

Disadvantages:

The downward adjustment after the bull flag may be slightly too deep. After the adjustment, it failed to break through the previous high in one fell swoop, and a second breakthrough may be required to confirm the upward trend.

These phenomena may be affected by the overall market sentiment. Therefore, if it can be independent of the overall market sentiment,#FETmay see the potential for growth in the future.

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