FET Macro flipped long term bearish! Done and dusted?

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FET has disappointed many and continues to be dumped hard. We can see 3 waves up from the very bottom as an ABC followed by a 5 wave structure down that's nearly complete, as weekly RSI hits oversold. No bullish divergence.

The wave 5 structure down resembles a motif wave which means any bullish moves are now corrective and we won't likely see all time highs again but we can still make decent profit.

Once a bottom is found, price should return to $0.6, at least, as counter trend rally / reversion to mean where it may find heavy selling.

Price needs to break $0.84 and find a higher low to flip the structure bullish again, a tough challenge.

Downside 'alt-coin golden pocket' Fibonacci, 0.786 has not been reached yet and is the highest probability area for alts to bottom, $0.13.

Safe trading

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