Chart Overview:
Asset: Fetch.AI (FET) against TetherUS (USDT).
Timeframe: 4-hour (4h) candles.
Current Price (approximate based on chart): Around 0.741 USDT.
Date and Time on Chart: July 25, 2025, 15:11 UTC+4 (This matches the current provided time context, so the chart is very recent).
Overall Trend: The chart shows a recent upward movement followed by a retracement. There are clear indications of "SMS" (Structural Market Shift) and "BMS" (Break in Market Structure) bullish movements, indicating an uptrend was in play.
Key Technical Observations and Labels:
"ChoCH" (Change of Character):
Initial Bullish ChoCH (early July): An initial "ChoCH" is marked early July, signaling a potential shift from bearish to bullish sentiment.
"SMS" (Structural Market Shift) & "BMS" (Break in Market Structure):
Several "SMS" and "BMS" points are identified, suggesting consecutive higher highs and higher lows, confirming an uptrend. The "BMS: 77.78%" label might refer to the percentage gain from a previous low to a recent high, or a percentage of the total movement.
"Resistant Area":
A significant horizontal red dashed line labeled "Resistant Area" is present around the 0.74-0.76 USDT level. This area previously acted as resistance, and the price is currently retesting or struggling with it.
Current Price Action:
The price has recently come down significantly from a peak around 0.88 USDT, retesting the "Resistant Area." It appears to have broken below some immediate support levels.
Proposed Trade Setup (Green Box & Red Box):
Entry (Green Line): 0.650 USDT. This is positioned below the current price, suggesting a "buy the dip" strategy.
Stop Loss (Red Line): 0.620 USDT. This is a tight stop loss, indicating a risk management level if the price drops further.
Profit Targets (Green Boxes):
Profit 1: 0.740 USDT (already very close to the current price, potentially hit or missed depending on execution).
Profit 2: 0.810 USDT.
"ChoCH: 21.65%" (near entry zone): This likely indicates the percentage retracement from the peak to the proposed entry zone, suggesting it's a significant pullback.
Projected Path (Dashed White Line): The curved dashed line shows an anticipated price movement: a dip down to the 0.650 entry zone, followed by a bounce back up towards the profit targets.
Analysis of the Proposed Trade:
Risk-Reward:
Risk: From 0.650 (Entry) to 0.620 (S/L) = 0.030 USDT risk.
Reward 1: From 0.650 (Entry) to 0.740 (Profit 1) = 0.090 USDT reward. (Ratio: 3:1)
Reward 2: From 0.650 (Entry) to 0.810 (Profit 2) = 0.160 USDT reward. (Ratio: approx. 5.3:1)
The risk-reward ratio appears favorable for this proposed trade.
Logic: The setup seems to be based on the idea of a significant retracement (pullback) to a key support level (the proposed 0.650 entry, potentially an order block or demand zone not explicitly marked but implied by the "ChoCH: 21.65%" label in that area) after a strong bullish run. The "Resistant Area" at 0.74-0.76 becomes the first target as the price would need to break back above it.
Considerations and Potential Risks:
Validity of Support: The effectiveness of the 0.650 level as strong support is crucial. If it breaks, the price could fall further.
Market Structure Shift (again): While the uptrend had strong "BMS" signals, the current deeper retracement could lead to a bearish "ChoCH" on a higher timeframe if the 0.650 support fails.
Liquidity: Ensure sufficient liquidity at the proposed entry and exit points, especially with a tighter stop loss.
Overall Market Conditions: The performance of Bitcoin (BTC) and the broader crypto market will significantly influence FET's price action.
Volume: The chart doesn't show volume indicators, which would provide additional insight into the strength of price movements.
Asset: Fetch.AI (FET) against TetherUS (USDT).
Timeframe: 4-hour (4h) candles.
Current Price (approximate based on chart): Around 0.741 USDT.
Date and Time on Chart: July 25, 2025, 15:11 UTC+4 (This matches the current provided time context, so the chart is very recent).
Overall Trend: The chart shows a recent upward movement followed by a retracement. There are clear indications of "SMS" (Structural Market Shift) and "BMS" (Break in Market Structure) bullish movements, indicating an uptrend was in play.
Key Technical Observations and Labels:
"ChoCH" (Change of Character):
Initial Bullish ChoCH (early July): An initial "ChoCH" is marked early July, signaling a potential shift from bearish to bullish sentiment.
"SMS" (Structural Market Shift) & "BMS" (Break in Market Structure):
Several "SMS" and "BMS" points are identified, suggesting consecutive higher highs and higher lows, confirming an uptrend. The "BMS: 77.78%" label might refer to the percentage gain from a previous low to a recent high, or a percentage of the total movement.
"Resistant Area":
A significant horizontal red dashed line labeled "Resistant Area" is present around the 0.74-0.76 USDT level. This area previously acted as resistance, and the price is currently retesting or struggling with it.
Current Price Action:
The price has recently come down significantly from a peak around 0.88 USDT, retesting the "Resistant Area." It appears to have broken below some immediate support levels.
Proposed Trade Setup (Green Box & Red Box):
Entry (Green Line): 0.650 USDT. This is positioned below the current price, suggesting a "buy the dip" strategy.
Stop Loss (Red Line): 0.620 USDT. This is a tight stop loss, indicating a risk management level if the price drops further.
Profit Targets (Green Boxes):
Profit 1: 0.740 USDT (already very close to the current price, potentially hit or missed depending on execution).
Profit 2: 0.810 USDT.
"ChoCH: 21.65%" (near entry zone): This likely indicates the percentage retracement from the peak to the proposed entry zone, suggesting it's a significant pullback.
Projected Path (Dashed White Line): The curved dashed line shows an anticipated price movement: a dip down to the 0.650 entry zone, followed by a bounce back up towards the profit targets.
Analysis of the Proposed Trade:
Risk-Reward:
Risk: From 0.650 (Entry) to 0.620 (S/L) = 0.030 USDT risk.
Reward 1: From 0.650 (Entry) to 0.740 (Profit 1) = 0.090 USDT reward. (Ratio: 3:1)
Reward 2: From 0.650 (Entry) to 0.810 (Profit 2) = 0.160 USDT reward. (Ratio: approx. 5.3:1)
The risk-reward ratio appears favorable for this proposed trade.
Logic: The setup seems to be based on the idea of a significant retracement (pullback) to a key support level (the proposed 0.650 entry, potentially an order block or demand zone not explicitly marked but implied by the "ChoCH: 21.65%" label in that area) after a strong bullish run. The "Resistant Area" at 0.74-0.76 becomes the first target as the price would need to break back above it.
Considerations and Potential Risks:
Validity of Support: The effectiveness of the 0.650 level as strong support is crucial. If it breaks, the price could fall further.
Market Structure Shift (again): While the uptrend had strong "BMS" signals, the current deeper retracement could lead to a bearish "ChoCH" on a higher timeframe if the 0.650 support fails.
Liquidity: Ensure sufficient liquidity at the proposed entry and exit points, especially with a tighter stop loss.
Overall Market Conditions: The performance of Bitcoin (BTC) and the broader crypto market will significantly influence FET's price action.
Volume: The chart doesn't show volume indicators, which would provide additional insight into the strength of price movements.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.