Artificial Superintelligence Alliance (FET)

ethereum:0xaea46a60368a7bd060eec7df8cba43b7ef41ad85 Trading is actually very boring, yet somehow addictive. https://t.co/vZhqAykZN5

Does anyone have the double advantage for FET on their radar at all?

Structurally, I like the current chart picture. We are running in the dark‑blue structure and have simultaneously reached the BC correction level. The bearish move has already worked through its 161.8% target. Statistically, we often see at least a technical counter‑reaction from such areas.

What I absolutely do not like, however, is the surrounding environment. The Point of Control was lost to the downside and all relevant EMAs and SMAs are currently above the price. That makes an otherwise interesting setup clearly less attractive.

This is also a good example of why I never look at just a single system. The chart structure leans more toward a recovery, but the volume profile and the moving averages dampen that probability. If the Point of Control as well as the EMAs and SMAs were below the price, I would consider the setup considerably higher quality.

If the counter‑reaction still comes, the first interesting target range for me is between $0.1833 and $0.1859.

Exactly these kinds of constellations show why confluence ultimately matters more than any single signal. If you enjoy insights like this and want to learn more about the combination of chart analysis, volume profile and market structure, feel free to leave some interaction and follow me.

🔷️ $FET has spent months trading inside a narrowing structure, with both sides of the market gradually losing momentum as price approaches the apex of the formation.

📉 Unlike earlier periods where volatility expanded aggressively after each move, recent candles suggest the market is entering a compression phase rather than a directional one.

🟣 The converging purple trendlines continue to define the dominant structure, while 🟢 the green support zone below remains the key area buyers have managed to defend. 🟡 The yellow regions above still represent the major barriers for any stronger recovery attempt.

With the range becoming increasingly tight, the next reaction around this compression zone could play a major role in shaping FET's next higher timeframe move.

⚠️ Not financial advice.

#FET #FetchAI #AI #Crypto #Altcoins