SOKATHO
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Bullish
📊 Analysis of currency $FET (Rise)
The MACD indicator gave a signal that the trend might change to an upward movement.
The fast line went above the slow line, and this usually indicates that selling has finished and buyers are starting to gain some strength.
The price at the time of analysis was around $0.3217, and if it stays above $0.318, that would be good and confirm the upward trend.
The first resistance where the price might stop is around $0.33, and if it can break through that, it could rise to $0.345 – $0.35.
But if it drops below $0.311, it means the signal has failed, and it might drop a bit.
In short:
The signal indicates a possibility of a rise but needs confirmation from trading volume and RSI if it goes above 50.
Do your own research..
The MACD indicator gave a signal that the trend might change to an upward movement.
The fast line went above the slow line, and this usually indicates that selling has finished and buyers are starting to gain some strength.
The price at the time of analysis was around $0.3217, and if it stays above $0.318, that would be good and confirm the upward trend.
The first resistance where the price might stop is around $0.33, and if it can break through that, it could rise to $0.345 – $0.35.
But if it drops below $0.311, it means the signal has failed, and it might drop a bit.
In short:
The signal indicates a possibility of a rise but needs confirmation from trading volume and RSI if it goes above 50.
Do your own research..
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