Forum Energy Technologies Inc (FET) Stock AnalysisFETForum Energy Technologies Inc

$FET is showing strong momentum within the macro descending channel on the weekly timeframe. A breakout is brewing, with the setup preparing for an explosive move toward higher targets.

$FET FETUSD The bull cycle has started, with a target of up to $7.00. Artificial Superintelligence Alliance (FETUSD) may have pulled back in recent weeks, but it recently broke above the 1W MA50 (blue trendline) for the first time in nearly 2 years, so from a technical perspective its bear cycle appears to have ended. Its long-term pattern is an ascending channel, and the August low was very close to the bottom of that pattern. This formed a higher low within the pattern's buy zone (Fibonacci 0.0 - 0.236 range), while the previous two instances (November 21, 2022 and March 09, 2020) both ultimately became excellent bottom-buying opportunities in the prior two cycles. The 1W RSI has broken out and climbed significantly, consistent with previous bull cycles (bullish phases), and we expect the current cycle to repeat the upside pattern of those two. Both peaked at the top of the pattern's sell zone, slightly below their respective 1.382 Fibonacci extension levels (although the gains differed greatly, at +6431% and +33133% respectively). If FET rises "only" +6431% again, it would reach $7.00, still well below the projected 1.382 Fibonacci extension level. This is our long-term target. -- ** If you like this view, please like, follow ✅, share and comment ✍! Also share your views and charts in the comments below! This is the best way to keep the discussion active, support us, keep the content here free, and help as many people as possible see this view.**

$ZRO is at 1.95, with resistance above at 2.00 and support below at 1.90, in a short-term oversold recovery window within a bearish structure. MA5=1.9506 remains below MA20=1.9993, and the bearish moving average alignment is unchanged, but price has pressed up against MA5, and downside momentum is slowing at the margin; the MACD histogram at -0.005299 remains negative, indicating a weak rebound rather than a reversal; RSI=37.3 is near the lower edge of the weak zone, and downside room is compressed; the lower Bollinger Band at 1.90029 is only a step away from the current price and forms the first support, while the middle band at 2.09831 is the natural resistance for a rebound. The funding rate of +0.0050% shows longs are still paying to hold positions, and with the Fear & Greed Index at 55 (Greed), shorting here is not attractive, so I lean toward playing a technical rebound near support. For action, I mainly favor buying low: entry reference 1.90–1.93, the confluence zone of the lower Bollinger Band and the round-number level, also close to the starting point of RSI oversold recovery; take-profit 1 at 2.00, corresponding to psychological resistance below MA20 and the moving-average mean-reversion level; take-profit 2 at 2.09, corresponding to the Bollinger middle band, also the last line of defense in the bearish structure; stop-loss at 1.86, exiting if price breaks below the lower Bollinger Band and confirms support failure, to avoid an accelerated downside move from moving averages. If price rebounds directly above 2.00 without sustained volume, I will give up chasing the long. Also watching: $ER +15.31% in 24h, RSI 83.8 already in overbought territory, relatively strong but with high risk in chasing; $FET RSI 30.2 is weak, lagging $ZRO's recovery pace. (Personal view, for reference only, and not investment advice. Futures risk is extremely high, so please strictly control position size.) Data: Pair: ZROUSDT Direction: Long Entry: 1.90-1.93 Take-profit 1: 2.00 Take-profit 2: 2.09 Stop-loss: 1.86

Interestingly, everyone likes how $FET performs above $3. But no one is willing to buy below $0.20. I think this is a coin worth watching closely. The real question is whether buyers will finally step in. $FET Dyor #TeslaQ3ProfitAndMargins

Ethereum: currently testing its 1D uptrend support and the major daily support zone at $0.18–0.20. As long as this range holds, $0.30–0.40 is the next target area. 📈 #FET #FETUSDT #FetchAi #Crypto #Alts