We are looking at FETBTC (FETCH.AI) and we can see its price moving back above MA200, the black line on the chart.
This level, MA200, was first tested as support 23-May and it held.
Now we have a second test and the support continues to hold strong.
Now with this support level confirmed, we can easily see prices grow.
The next target is expected at 110% or the last peak price from March 2021.
There can be additional growth of course, but this is our first barrier.
Conditions for change
If prices move and close below 0.00000550, this chart analysis is invalidated.
Remember to build a plan before you start trading.
Planing is really important to maximize potential profits and increase your success.
Planing will also help you stop any loss if a trade goes wrong.
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Namaste.