For FET private and presale, it was pegged with expensive eth price. Eth hv drop more then 8 time. So public sale token must be 8x more expensive then early contributor if want to please early contributor... To me it look not so nice.. We need to know how much fund raised during private and presale and actual cost price... Detail sale info haven't announced.
It depends how many people are using the same TA technique, believe and act on it. Then it works. E.g. If the amount of people strictly using and following the ichimoku clouds with similar set-ups is a lot, then they will normally be acting on them. Thus it will work. Otherwise it won't work.