FET - Playing Fibonacci Like A Fiddle
2024-10-05

After our recent post about FET having a monthly recovery it went on to finish the month with an over 34% gain! Here is a link to that post: 

Now we continue to see FET show bullish momentum based on how price has played with our Fibonacci levels. After resting our orange trendline as new support price rocketed to the upside to test the 0.236 as resistance. Then upon breaking the 0.236 price held it as a new support level and climbed to our next fib level, the 0.382. After price got rejected at the 0.382 it revisited the 0.236 to confirm it as support. Once we rise to break the 0.382 again we should expect the 0.5 followed by the 0.618 and higher. 