Fetch.ai — Risk Of A Huge Drop (Again)!
FET has experienced massive bearish pressure since it dropped below its consolidation area in June.
As a result, the token has dropped 60% in two months.
Based on the current chart pattern, the downturn isn't over yet. Contrary, we could see another vast drop soon.
FET currently trades in a bear flag. A break out to the bottom would likely send us to 0.50 levels.
A close below the lower trendline on a higher timeframe should give us a good chance to short, given that the broader market continues in its sideways move.
I will definitely watch this level closely!
