FET Price Hit $1 After 2 Years, What Is The Next Price Target ?
If you're a holder of #FET you may want to know where Fetch will go next as it hits $1 mark
We are going to have a look at charts and briefly discuss what can possibly happen on $FET based on my observations.
FETUSDT (Weeky chart)
This $1.02-$1.20 i marked on chart is one of the key area on chart and also the last possible resistance based on the chart history we have.
We see a nice surge in price it made almost a 100% move without a pullback in between.
I've been posting it under $0.60 zone and many of my followers are holding it with me.
FETUSDT (Daily chart)
Now that price is at key resistance area, i do not want to see it break directly from it. i want to see price consolidate here for some time. This will make some people sell their bags or some will even open shorts. Consolidation here for sometime will add more strength to this move. A direct breakout of this major level from here will mostly likely be a weak break as price is already up 100% without a break so there is not much fuel to break this major level directly. Alsp those who are not in this Fet trade i would not suggest you to chase it now at the major area of resistance. you never know what can happen at this point.
FET Possible pullback
As the price is up 100% without any pullback, you can't rule out a possibility of pullback from it. if price go for a pullback towards that last high it will still remain bullish and this will be an opportunity for those who missed this move.
This is it for the FET today, Price is bullish overall but at the key area. i personally would like to see a consolidation here but like i said we can't rule out a pullback.
What move you expect personally? A pullback or consolidation? i would love to hear your opinions.