Could $FET be approaching a decisive moment? 👀
The weekly structure is still dominated by a prolonged downtrend, but price is now pressing against a clearly defined support zone. Above it, the descending trendline continues to cap recovery attempts, creating a tightening battle between support and overhead resistance.
The key signal here would be a confirmed break of that descending trendline rather than a short-lived bounce. RSI, MACD and ADX should also be monitored for confirmation that momentum is genuinely changing. Until then, the broader structure remains cautious. 📊
‼️ Since Fetch ai is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice.
#Crypto #Bitcoin #Ethereum #altcoins
The weekly structure is still dominated by a prolonged downtrend, but price is now pressing against a clearly defined support zone. Above it, the descending trendline continues to cap recovery attempts, creating a tightening battle between support and overhead resistance.
The key signal here would be a confirmed break of that descending trendline rather than a short-lived bounce. RSI, MACD and ADX should also be monitored for confirmation that momentum is genuinely changing. Until then, the broader structure remains cautious. 📊
‼️ Since Fetch ai is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice.
#Crypto #Bitcoin #Ethereum #altcoins