LIVE$FET - chart request update: [07-09]
The current price is already down-20% from the 2.00$ 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.๐
To resume: ๐
BULLISH SETUP POSSIBLE SHORT TERM --> 1.850 $ ๐ฏ
Have a nice week froggy team! ๐ธ
LIVEMy previous analyses are playing well.
Nothing changed for now, the price remain stuck into this neutral box (yellow zone)โณ
The daily price also turned bearish๐
On the short term, an important support has been touched exactly at 1.965$! The price could start to react upward again on this level!๐
Zooming on the monthly & weekly view, the price is still moving into an uptrend ๐
Regarding the new #ASILAUNCH token listing, many investor are waiting for news, wich could explain this HTF consolidation phase! โณ
Lower key supports to watch on for potential buy orders:
1.820$ - 1.650$ - 1.580$ ! ๐ฏ
I remain bullish for the long term.
Do you have more infos about the future of #FET token? โ๏ธ
#DYOR #fet.ai #FET.๐