¡! Analyzing the charts (the pair FETUSDT :
📈 Technical Analysis and Projection (FET/USDT)
1. Exponential Moving Average Indicators (EMA)
EMA(7): 0.2452 (yellow line in the first chart, 0.2540 in the second)
EMA(25): 0.2440 (red line in the first chart, 0.2453 in the second)
EMA(99): 0.2438 (purple line in the first chart, 0.2440 in the second)
Key Observation
The EMAs were very close to each other and the price (0.2459) was just above all of them.
EMA(7) > EMA(25) > EMA(99)
This alignment suggests a very short-term bullish trend, as the faster average is above the slower ones.
2. Candlestick Chart Pattern (Price Action)
The charts show a significant recent movement:
There was a strong impulse that drove the price from approximately 0.2295 to a maximum of 0.2540 (second chart).
After that peak, the price is experiencing a retracement or sideways consolidation.
The candles after the peak are smaller and are in a phase of indecision (or correction).
Short-Term Projection (1 hour):
Key Support: where EMA(25) and EMA(99) intersect, which is around 0.2440 to 0.2438, acts as an important support in this frame. If the price stays above this level, the underlying bullish trend could resume.
Key Resistance: 0.2540 acts as immediate resistance. Breaking this level could confirm a continuation of the bullish momentum.
Current Scenario: The current pattern (after the strong rise) suggests that the correction or sideways consolidation could continue until testing the support of the slower EMAs (0.2440). If that support breaks, the projection would turn bearish; if it respects it, it would look to attack the resistance of 0.2540.
In summary, the underlying pattern is bullish, but the price is in a phase of correction or sideways consolidation after a strong movement.#TrumpTariffs $BTC
