The reasons for the analysis of FET bottom-fishing are as follows:
1. Technical analysis shows that there has been a penetration, and a double bottom pattern has been formed within a reduced four-fold period.
2. After the price has risen, a pullback has occurred, forming a bull flag pattern.
3. The MACD indicator crosses the zero axis, and there is no break after stepping back to the zero axis.
4. The EMA indicator shows a long arrangement.
5. The bottom price continues to rise.
However, there are the following disadvantages:
1. The downward adjustment after the bull flag pattern may be deep.
2. After the adjustment, the previous high point failed to be broken in one fell swoop, and a second breakthrough may be required to establish an upward trend.
These adjustments may be affected by the overall market sentiment. In summary, if it can be independent of the overall market sentiment, the price may rise in the future.
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