FET is one of the bullish altcoins (8H)

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FET has formed a bullish structure from the point we marked as STRAT on the chart.

This structure looks like an ABC pattern or possibly a more complex pattern, currently in wave C, which is a bullish wave.

We can enter FET during pullbacks. We’ve identified two entry points for FET, and entries should be made using DCA (Dollar-Cost Averaging).

Since the price has recently pumped, we need a pullback before entering a position, as entering at the current price carries higher risk.

Targets are marked on the chart; break even at the first target.

A daily candle closing below the invalidation level will invalidate this analysis

If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.

Do you also think FET is bullish?
Trade geschlossen: Ziel wurde erreicht
The price movement direction was correctly predicted. The price pumped nicely over 24%, but it moved without giving us an entry opportunity.

Snapshot

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