Why
$FET Looks Ready for a Strong Move – Full Technical Breakdown Fellow traders, after 1.5 years of a bear market,
$FET is now flashing multiple high-probability bullish signals across different timeframes.
The chart structure is extremely clean. Here’s a clear, step-by-step explanation: 165-Day Falling Wedge Reversal + Retest
A classic 165-day falling wedge pattern formed during the downtrend. Price has now broken out to the upside and successfully retested the breakout level (old resistance has turned into support). This is a textbook bullish reversal setup with strong continuation potential. Monthly Bullish Engulfing Candle
On the monthly timeframe, we have a powerful bullish engulfing candle. The latest green candle has completely swallowed the previous red candle. This shows buyers are firmly in control on the higher timeframe — one of the strongest bullish signals you can get. Bullish Ascending Channel on H4
On the 4-hour chart, price is respecting a clean ascending channel, printing higher highs and higher lows. This confirms bullish structure and building momentum. 1.5-Year Bear Trend Officially Over
The long-term downtrend that began in late 2024 has ended. Market structure has officially shifted from bearish to bullish. Strong Ichimoku Confirmations (Daily Timeframe) Chikou Span (Lagging Span) has broken above price action
Price has moved above the Kumo (Cloud)
These Ichimoku signals aligning together create a rare and powerful confluence.Overall, the chart is so clean that a minimum 30%+ upside move looks very realistic in the coming weeks/months. No hopium — just pure technical analysis.Are you watching
$FET ?
@Fetch_ai #FET #Crypto #TechnicalAnalysis #Bullis $FET