Technical analysis by AltcoinPiooners about Symbol FET: Buy recommendation (4/17/2025)

FETUSDT Analysis:Price Movement:The chart shows a downtrend from April 14 to April 16, with prices dropping from around 0.540 to a low of 0.424.A consolidation phase follows from April 16 to April 18, with prices ranging between 0.424 and 0.450.On April 19, a sharp upward move begins, breaking above the consolidation zone, reaching 0.500 by April 20.ShockaLad Indicator:The ShockaLad indicator is represented by the shaded area (likely a cloud or band) and a trendline.The price breaks above the ShockaLad trendline around April 19, which aligns with the "LONG" signal at 0.4495 (with a 1.5% move).This breakout suggests a potential trend reversal from bearish to bullish, as the indicator likely identifies momentum shifts.Trade Statistics (from the chart):Total trades: 216Win rate: 98.61% (213 winning trades out of 216)Total profit/loss: 2999.42%Interpretation:The breakout above the ShockaLad trendline, combined with the LONG signal, indicates a strong bullish momentum for FETUSDT.The high win rate and significant profit percentage suggest the ShockaLad indicator has been historically reliable for this trading group.The current price around 0.500 shows a continuation of the upward trend, potentially targeting higher levels if momentum persists.