FET - Entering accumulation zone
This one is hard to base solely on the charts just because Ocean Protocol (OCEAN), SingularityNet (AGIX), and Fetch.Ai just merged into Artificial Superintelligence Alliance (ASI). These aim to be leaders in the AI space and combining could show amazing strength.
Therefore, based on FET's chart it looks like a great accumulation range here's why:
-Holding weekly 50 MA (green MA)
- Double bottom on RSI (yellow line green arrows)
*The last time RSI bottom here was during the FTX collapse
It is possible to go a little lower into the "lower liquidity zone", but even at our current prices is a great time to start the accumulation process in case we do not drop in that zone.
Therefore, based on FET's chart it looks like a great accumulation range here's why:
-Holding weekly 50 MA (green MA)
- Double bottom on RSI (yellow line green arrows)
*The last time RSI bottom here was during the FTX collapse
It is possible to go a little lower into the "lower liquidity zone", but even at our current prices is a great time to start the accumulation process in case we do not drop in that zone.
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