FET is consolidating within a rising wedge pattern and is currently trading above the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the current price action.
A breakout above the Ichimoku Cloud could trigger upward momentum, while a breakdown from the pattern may lead to a significant correction.
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#FET/USDT ANALYSIS
LONG
FET is consolidating within a rising wedge pattern and is currently trading above the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the current price action.
A breakout above the Ichimoku Cloud could trigger upward momentum, while a breakdown from the pattern may lead to a significant correction.