FET price has taken support from the $1.00 mark
FET Price Technical Analysis
The FET price has endured a strong downtrend for a long time, followed by consistent sell-off from profit bookers in the last four months.
The following downtrend behavior of the FET token price led to the creation of a falling channel pattern and the price deteriorated by over 75% from the swing high of $3.4778.
On further glance into the most recent price action, the FET price has built a pullback situation from the last deflection from the 200-day EMA band.
The break out above the wedge pattern exhibited a strong bullish behavior. It might lead the FET price to further higher levels in the future once it gets past the 200-day EMA.
The FET price has taken support from the $1.00 mark and has pierced 20-day and 50-day EMA bands.
The MACD and the signal line were surging towards the northward trajectory that is above the zero line.
The RSI has simultaneously pierced the median line and 14-SMA line, which flashed at 53.70 at press time. This exhibited a strong behavior of the FET price.
The FET price has endured a strong downtrend for a long time, followed by consistent sell-off from profit bookers in the last four months.
The following downtrend behavior of the FET token price led to the creation of a falling channel pattern and the price deteriorated by over 75% from the swing high of $3.4778.
On further glance into the most recent price action, the FET price has built a pullback situation from the last deflection from the 200-day EMA band.
The break out above the wedge pattern exhibited a strong bullish behavior. It might lead the FET price to further higher levels in the future once it gets past the 200-day EMA.
The FET price has taken support from the $1.00 mark and has pierced 20-day and 50-day EMA bands.
The MACD and the signal line were surging towards the northward trajectory that is above the zero line.
The RSI has simultaneously pierced the median line and 14-SMA line, which flashed at 53.70 at press time. This exhibited a strong behavior of the FET price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.