🚨 $FET – Cup & Handle Pattern Brewing? 💥🚀
A potential textbook bullish setup is forming on Fetch.ai! Let’s break it down: 👇
📈 Pattern Watch: CUP & HANDLE
✅ Rounded “cup” has formed after a solid recovery.
✅ Now forming a slight “handle” — classic consolidation before breakout.
✅ Volume declining during the handle = exactly what bulls want to see.
🔍 Key Technical Zones:
🔹 Breakout Level: $1.15 – $1.20
🔹 Target After Breakout: $1.60 – $1.80
🔹 Support Zone: $0.88 – $0.92
🔹 Invalidation: Drop below $0.85
📊 Indicators Supporting the Move:
📌 RSI holding strong near 55–60 — shows strength without being overheated.
📌 MACD curling up — momentum shift in the making.
📌 Bullish price structure aligning with strong fundamentals in the AI sector.
🔥 Final Thoughts:
Cup & Handle is one of the most reliable bullish patterns in technical analysis. If $FET breaks above the handle with strong volume, we could see a powerful rally. Eyes on that breakout zone — this one’s heating up!
