FET Appears, Trying to Find Support

0

Fetch.ai (FET) Price Prediction – June 18
Fetch.ai market currently appears, trying to find support for a near upward-trending motion as on the etoro.com’s trend-weighing page (Market Movers). The all-time high point of the crypto economy is $1.19, and the all-time low is at $0.00827, keeping a 12.15 negative percentage for the return on investment record.

Fetch.ai Price Statistics:
FET price now – $0.07693
FET market cap – $56.8 million
FET circulating supply – 746 million
FET total supply – 1.2 billion
Coinmarketcap ranking – #319

Fetch.ai(FET) Market
Key Levels:
Resistance levels: $0.15, $0.25, $0.35
Support levels: $0.05, $0.04, $0.03

FET/USD – Daily Chart
The STORJ/USD daily chart showcases the crypto appears, trying to find support within the bearish channel trend lines underneath the trend lines of the SMAs. The 14-day SMA indicator trends tightly below the upper bearish trend line drawn beneath the 50-day SMA indicator. The Stochastic Oscillators are in the oversold region. And they have conjoined their lines within it to specify that a falling force is ongoing on a lighter-moving mode.

Will there be more precipitations to the downside in the FET/USD market operations?

The FET/USD market is trading under an oversold condition that still maintains a relative-pushing weight as the price appears, trying to find support. The probable forthcoming downward precipitations tend to lack high volatility pressures. That said, long-position takers needed to wait for an occurrence of a bullish candlestick, engulfing the penultimate bearish candlesticks to create a reliable buying wall. Being as it is, long-term investors may consider joining the market now.

On the downside of the technical analysis, the FET/USD market bears have to be wary of any possible rebounding motion that can breach past the trend line of the smaller SMA. As there has been an oversold-reading condition in the market, The following falling forces may not feature with high gravitational pressure to make up for a decent new selling order to catch on for more downs.

FET/BTC Price Analysis

Fetch.ai’s trending ability against Bitcoin has been under a striving effort to push northward underneath the trend lines of the SMAs. The situation appears the cryptocurrency pair price is trying to find support within the bearish channel trend lines. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators have crossed southbound to touch the 20-range line. The base crypto needed the emergence of a bullish candlestick to confirm its genuineness of re-launching back to the upside against the counter-trading crypto instrument.

Punt Crypto Casino Banner

Our Recommended Crypto Exchange for U.S. customers

eToro exchange
  • 120+ Cryptos Wallet Available
  • Paypal available
  • Licensed and regulated in the U.S.
  • Social trading Platform & copy trading
  • Low trading fees

eToro exchange

68% of retail investor accounts lose money when trading CFDs with this provider.

 

Read more:

Credit: Source link

Leave A Reply

Your email address will not be published.