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Ualifi Araújo
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Bullish
Analysis $FET 12/05/2024
#FET/ASI, we're moving slowly here, but we're doing well... notice that we've formed support in that red band on the chart, which is where I'd like to see support for us to bounce off of, and it looks like that's exactly what we're doing now.
I think FET is really behind where we should be, but we had those complications with the whales that took out over $1B in a single day and set us back. However, we all saw that the FET team provoked these big holders by not letting the price sink as drastically as they thought it would. That's an incredible thing for a project, and this episode demonstrated the solidity of the team and the community itself.
We're above $1.85 so now the path to $3.50 seems easier.
The 50 EMA (4h) is supporting the price here and the RSI looks good to me and with a lot of room to go up. In this sense, we are also seeing cash buyers committed to taking the highest price, we have all the ingredients for a good run on this one, give us +30%.
Send this $3.50!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
#FET/ASI, we're moving slowly here, but we're doing well... notice that we've formed support in that red band on the chart, which is where I'd like to see support for us to bounce off of, and it looks like that's exactly what we're doing now.
I think FET is really behind where we should be, but we had those complications with the whales that took out over $1B in a single day and set us back. However, we all saw that the FET team provoked these big holders by not letting the price sink as drastically as they thought it would. That's an incredible thing for a project, and this episode demonstrated the solidity of the team and the community itself.
We're above $1.85 so now the path to $3.50 seems easier.
The 50 EMA (4h) is supporting the price here and the RSI looks good to me and with a lot of room to go up. In this sense, we are also seeing cash buyers committed to taking the highest price, we have all the ingredients for a good run on this one, give us +30%.
Send this $3.50!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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