The most important s/r level over the past year has been broken and now being retested.
In addition to the above, there is an inverted H/S pattern & impulse move retracing back to 61%.
I've seen no fundamental narratives to back FET currently, however it seems that this could be near a turning point technically. The levels are very clear & easy to see, and had this been any other asset class, this is a buying opportunity everytime.
Time will tell, key things Ill be waiting for is a bullish engulfing daily candle along with a confirmation of short term trend change on Bitcoin. May is coming up and its highly likely shorts will begin building.
In addition to the above, there is an inverted H/S pattern & impulse move retracing back to 61%.
I've seen no fundamental narratives to back FET currently, however it seems that this could be near a turning point technically. The levels are very clear & easy to see, and had this been any other asset class, this is a buying opportunity everytime.
Time will tell, key things Ill be waiting for is a bullish engulfing daily candle along with a confirmation of short term trend change on Bitcoin. May is coming up and its highly likely shorts will begin building.
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