$FET - Price analysis: Buyers are back ๐
Daily prices are neutral, but I see a bullish consolidation ๐
Last bullish weekly close! [4th chart]. This indicates strong potential for a long-term trend reversal!
The current price is also consolidating just below the main daily downtrend!
According to my charts, I think we should see a breakout with a nice pump towards $1,750 - $1,800, which corresponds to the golden pocket resistance!๐ [+20% from here!]
Breaking the 150-day downtrend should free up a huge volume of buyers!๐
๐ดImportant resistances:
0.1460$ (small) - 0.1550$ (hidden / strong) - 0.1640$ - 0.1700$
๐ขImportant supports:
0.1280 - 0.1220 - 0.1150 $
For the moment, there's no sign of weakness in the short/medium-term trend, but I'd remain cautious about buying below the big resistance!
I'd advise against big levers!
In the event of strong rejection, an interesting zone to watch is the $0.1200 level.
