FETCH is currently trading at a key HTF support zone that has acted as
support → resistance → support multiple times in the past.
Price is also compressing against a descending trendline, which increases the probability of a volatility expansion.
Key observations:
Strong historical support around current price
Downtrend structure still intact
Potential trendline breakout if buyers step in
No confirmation yet → patience required
Bullish scenario:
Weekly close above the descending trendline
Support holds as higher low
➡️ Possible trend reversal / expansion
Bearish scenario:
❌ Loss of HTF support
➡️ Continuation of the macro downtrend
Always wait for confirmation. What’s your bias here?
support → resistance → support multiple times in the past.
Price is also compressing against a descending trendline, which increases the probability of a volatility expansion.
Key observations:
Strong historical support around current price
Downtrend structure still intact
Potential trendline breakout if buyers step in
No confirmation yet → patience required
Bullish scenario:
Weekly close above the descending trendline
Support holds as higher low
➡️ Possible trend reversal / expansion
Bearish scenario:
❌ Loss of HTF support
➡️ Continuation of the macro downtrend
Always wait for confirmation. What’s your bias here?
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.