Finishing the analysis with an example, FET needs to do the same as PHA, the token demonstrated buying strength on a weekly basis, where the lines were below the candle, indicating its upward trend. On a monthly basis, this trend reversal has just been shown, totaling an increase of more than 200%.

You see this red and blue line, for FET to end its downtrend the weekly and monthly candles need to be above these two lines, ending its downtrend.

On the weekly FET needs to show buying strength above $2.18

On the monthly FET needs to be above $3.50.

Remember that if the asset does not show buying strength these lines will remain above the candles for months until they hit the candle and thus reverse the downtrend to an uptrend.

FET needs to show buying strength, something that has not been happening since the merger announcement on the monthly.

$FET $RENDER $NEAR