Long-Term Channel + Fibonacci Confluence = Accumulation Opportunity
By: Binance Square Contributor
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Hey Binance Square Family!
Let’s dive into Fetch.AI ($FET/USDT) with a macro-level lens. The chart is telling a story of cyclical boom-bust moves — and we might be at another golden entry point.
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The Bigger Picture: Ascending Channel on Weekly
FET has been moving within a clearly defined ascending channel for years. This structure has captured massive cycle highs and deep corrections, giving us a powerful roadmap for both accumulation and exit strategies.
Here’s the breakdown of FET’s historical price cycles:
A → B: -98.4% crash
B → C: +15,458% rally
C → D: -95.4% crash
D → E: +6,310% rally
E → F (current): -90.4% drop so far
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Why Point F Could Be Huge
Right now, Point F lines up with two MAJOR technical signals:
1. 0.618 Fibonacci Retracement – historically the bottom zone for FET’s corrections
2. Lower Bound of Ascending Channel – strong trendline support
This dual confluence historically preceded massive rallies.
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Smart Accumulation Zone
Here’s the key level for potential long-term entries:
📍 $0.30 to $0.234
This range offers a favorable risk-reward for those looking to accumulate ahead of the next major move — based on the historical cyclical pattern.
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Final Take
Macro setups like this don’t happen every week. If you’re a long-term holder or cycle trader, this could be a critical zone to watch.
As always:
Use proper risk management
Don’t overleverage
Stay patient
Hit that like if this helped, and drop your thoughts or chart requests in the comments. Let’s ride these cycles smart — together.
Stay sharp, stay kind, and happy trading!
— Your Binance Square Family