Fetch.ai (FET) Bulls Are Getting Curtailed
Login

Fetch.ai (FET) Bulls Are Getting Curtailed

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Bulls have been on a rampage in the Fetch.ai market over the past two sessions, and that was the most recent one. The ongoing session has advanced the market past the $1.500 threshold. Trading indicators are still fairly bullish in this market. However, it is essential that we take a more thoughtful look at the market.

FET Statistics:
Current Fetch.ai Value: $1.5754
Fetch.ai Market Cap: $1,319,262,871
FET Circulating Supply: 831,829,444 FET
Fetch.ai Total Supply: 1,152,997,575 FET
FET CoinMarketCap Rank: 760

Key Price Levels:
Resistance: $1.5754, $1.6000, and $1.6500
Support: $1.5500, $1.5000, and $1.4000

Fetch.ai (FET) Bulls Are Getting Curtailed

Fetch.ai Bulls Are Facing Bearish Impacts

With prices in the FET daily market going bullish very quickly, it is worth noting that the ongoing session is also facing the impact of headwinds. This could be seen through the appearance of a long upper shadow above the last price candle on this chart. Despite this, the token continues to trade outside the Bollinger Band’s uppermost limit.

Likewise, it could be seen that buyers are still retaining more than 50% of the gains gathered so far in the session. The Moving Average Convergence Divergence (MACD) indicator lines are still rising steeply upwards above the equilibrium level. Also, the bars of the indicator points out that bullish momentum is still strong through its green appearance and increasing height.

Fetch.ai (FET) Bulls Are Getting Curtailed

FET Corrects Off the $1.600 Price Mark

The Fetch.ai 4-hour market has further shed more light on price movements. Here, it could be seen clearly that prices have corrected downward in the current 4-hour timeline. This effectively returned the market below the psychological level at the $1.6000 mark.

Nevertheless, the market stands above the middle limit of the Bollinger Bands, which gives traders some consolation. Likewise, the MACD indicator lines are still having an upward bearing. This is so despite the pale green appearance of the MACD bars. Therefore, while we might have seen some downward corrections in prices, it stands that prices may resume their upside path. Traders can still make use of crypto signals with targets around the $1.6400 mark.

Trade crypto coins on AvaTrade

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News