$FET Perfect Storm is Brewing
FA:
CogX June 10-12th (June 11th 5pm for the Fetch.AI timeslot)
SA:
Binance IEO sentiment is at an all time high.
TA:
Daily looking strong, losing the daily diagonal would not be good.
Invalidation:
$BTC dumping could return us back to the daily POC or below.
Generally bullish on $FET as a long term hold.
CogX June 10-12th (June 11th 5pm for the Fetch.AI timeslot)
SA:
Binance IEO sentiment is at an all time high.
TA:
Daily looking strong, losing the daily diagonal would not be good.
Invalidation:
$BTC dumping could return us back to the daily POC or below.
Generally bullish on $FET as a long term hold.
Trade ativo:
~No retest yet on the first weekly (now support), a strong closeout on this hourly candle and we're primed to move up to the next weekly resistance. All eyes on the H1 close in ~40 minutes.
Comentário:
The Doji right on the daily black line is another good confirmation.
Comentário:
Things are looking great, $BTC is making a run for it as well. I think we retest the upper weekly tonight. A clear break through and this sh*ts going to go ballistic.
If the meme diagonals break I think we test the black resistance on the daily before bouncing up again.
$19M marketcap vs $88.1M 24h volume is extremely bullish (cz MMs), i have stops up just incase $BTC dumps here.
If the meme diagonals break I think we test the black resistance on the daily before bouncing up again.
$19M marketcap vs $88.1M 24h volume is extremely bullish (cz MMs), i have stops up just incase $BTC dumps here.
Comentário:
^Meant to post this chart above.
Trade fechado: objetivo atingido:
Stopped out above.
1.95R tweezers on the M30, going for a scalp.
1.95R tweezers on the M30, going for a scalp.
Trade ativo:
Tightened stops. 2.44R.
Trade fechado: stop atingido:
Eyeing the .618 retracement to restock, if $FET starts running i'll eye the upper weekly breakout/rejection.
2.44R trade got stopped, would have been fine with looser stops. $BTC keeping me cautious still.
2.44R trade got stopped, would have been fine with looser stops. $BTC keeping me cautious still.
Trade ativo:
Hit the .681 retracement, not the greatest breakthrough and the H1 hasn't closed yet. Filling up further on the retest of .25 and then i sit on my hands for a few days.
Comentário:
Stopped out, not inclined to reload at the .618 due to the constant retests. $LINK stealing binance liquidity, rightfully so.
Focusing on $ETH until majors cycle. Will re-enter alt setups at a later time.
Focusing on $ETH until majors cycle. Will re-enter alt setups at a later time.
Short-term update: H1 closed above the first weekly red and daily black resistance, continuation would run it up to .2500.
Don't want to get too hopeful yet as $BTC might chad pump/dump, will update trend-lines when/if we break both weeklies on the H4.