FET/USDT (BUY) FET further recovery expected towards 1,36
BULLISH
FET
MARKET_MINDS
## Market & Ticker: Fetch.ai – FET/USDT
Date: 17/02/2024
## Horizon / Timing: Tactical Mid-term / 1 to 3 months
## Scenario:
FET perfectly reversed to the upside as expected in our last analysis from august 2023 before reaching the target at 0,87. A further large recovery is expected. At the current price the potential of FET Token stands at 1,95 maximum. As long as 0,64 remains a tactical support valid we do expect a continuation of the bullish move towards 1,36 before 1,9
## Technical Key Elements:
- Auto similar move potential shows target at 1,95 - RSI indicator is above 50% - The Moving average are support at 0,64 - Fibonacci key support is adjusted at 0,64 while the Elliot wave shows upside potential towards 1,36 and 1,95
## Trade Idea conclusion: Buy - Conviction: High
• Target 2: 1,95 (100%) • Target 1: 1,36 (40%) • Buy: add in dip area 0,95 • Stop: 0,64 (Daily close)
## Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
 **Disclaimer:** The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.
Date: 17/02/2024
## Horizon / Timing: Tactical Mid-term / 1 to 3 months
## Scenario:
FET perfectly reversed to the upside as expected in our last analysis from august 2023 before reaching the target at 0,87. A further large recovery is expected. At the current price the potential of FET Token stands at 1,95 maximum. As long as 0,64 remains a tactical support valid we do expect a continuation of the bullish move towards 1,36 before 1,9
## Technical Key Elements:
- Auto similar move potential shows target at 1,95 - RSI indicator is above 50% - The Moving average are support at 0,64 - Fibonacci key support is adjusted at 0,64 while the Elliot wave shows upside potential towards 1,36 and 1,95
## Trade Idea conclusion: Buy - Conviction: High
• Target 2: 1,95 (100%) • Target 1: 1,36 (40%) • Buy: add in dip area 0,95 • Stop: 0,64 (Daily close)
## Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
 **Disclaimer:** The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.
