Fetch journey massive gains?!!👀 🚀FET today analysis💎FET is exhibiting signs of a potential upward shift. It's currently trading within a channel pattern, creating a series of lower highs and lower lows.
💎We're anticipating a breakout in the upward direction, which could signal a bullish trend.FET is trading in a high-demand area, which further bolsters the potential for an upward move.
💎Another key observation is the impending crossover with the 50-day Exponential Moving Average (EMA). If FET can maintain its momentum at this level, it could potentially alter the market dynamics.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
FETUSDT
FET – Possible Reversal PatternTLDR:
• FET is reentering a Falling Wedge pattern. FET is testing the support trendline ATM. If the test is successful, it is a possible long opportunity with a close invalidation and great R: R.
Background:
• Fetch AI is in a correction since February 2023.
• This correction is taking the shape of a Falling Wedge reversal pattern.
• FET was on the cusp of a breakout on June 1st but couldn’t make it (see my previous FET idea).
• On June 10th, FET lost the support trendline, but it reclaimed it shortly after and it is now testing it for support.
• Should the retest be successful it could be an amazing entry with a close invalidation and huge reward.
My Trade Ideas:
1. Long upon a successful retest of the trendline
• Entry: 0.2 USD
• SL: 0.185 USD
• Target: 0.43 USD
• TP: 0.24, 0.31, 0.43. Leave a moon bag.
• R: R: 1:15
2. Long upon a successful break out of the wedge
• Entry: 0.24 USD (break out of the wedge)
• SL: 0.23 USD (approximate number, below the last daily candle)
• Target: 0.43 USD
• TP: 0.31, 0.43. Leave a moon bag.
• R: R: 1:10
NFA.
What do you think? Please share in the comments.
Best wishes to all.
FET possible Roadmap until June 2023This is the monthly chart of FET.
As you know, we had AI hype in Jan, and FET is one of the AI coins. The hype has just started, and 2023 will be an excellent year for this narrative.
The best buy zone for this correction would be ~$0.114-$0.183; you can accumulate FET in Q2 for the final run with a target above ~$2 in Q3.
Patience is key here, don't rush to get into the trade, wait patiently, and enter at the "right" time.
Please hit the boost button if you agree.
Thanks
✴️ FetchAI Simple 1,2 & 3 Sequence Confirmed! Nice Timing2021 Marked the peak/All-Time High for FetchAI which lead to a bear market downtrend in 2022. (#1)
To change from one trend to the next, a consolidation phase is necessary and this time it took this pair 6 months. (#2)
The market moves in cycles and what goes down, must come back up, but the up is better than the downside because we end up with new highs, a new All-Time High and years of growth. (#3)
We will see a new uptrend and it will take years before the cycle is complete. Prepare now and enjoy the profits/growth on the way up.
Then it will move back down and back up again... And the market will continue to move, grow and evolve while printing waves.
Some projects will be left behind, others will merge with other projects and evolve. A few are set to take the bigger share of the market, for us traders, it is important to diversify and not get marry to any pair, but adapt and change as things progress.
Stay strong, be safe... Make sure to plan ahead.
If you invest time in yourself, in your strategy and your trading, results should be great.
If you are reading now you have GREAT TIMING, and timing is really important.
Namaste.
[UPDATE TOTAL] I said it multiple times. This a good scenario.Accumulation means accumulation.
Short term:
A) quick pump, then down, then deviation (yellow line), then trend range down, then deviation to 1st of Jan 2021, then up.
B) quick dump, then up, then A)
Long term:
A) meltup after accumulation, then down
B) Up then down again after halving
See chart.
This is one of the scenarios I'm watching.
Fetch AI (FET) Possible Double Bottom• Lately it seems that the AI narrative is gaining traction again. Fetch could be one of the crypto assets that stands to benefit from said hype.
• Fetch has been in a downtrend since February 8th, and it looks like it is forming a double bottom with multiple bullish divergences.
• FET’s double bottom neckline is at the 0.285 USD level . Breaching the neckline and testing it as support could be a long trigger.
• Although FET’s chart in and on itself seems to support a bullish reversal it is advisable to keep an eye out on Bitcoin. Bitcoin faces resistance at the 28,000 – 28,500. If it can flip the 28K level to support, I think that Fetch is good to go. IMO, most alts, FET included, are not strong enough to disregard Bitcoin and just go up.
• Keep an eye on the RSI. IF it breaks out of the channel, it could be an indication that there is momentum behind the move up.
My Trade Idea:
• Entry: 0.285
• SL: Previous candle low. If you have confidence in Fetch, you can give it more space. Personally, I am not 100% sure about this so I will keep the SL tight.
• Targets: 0.31, 0.35, 0.385, 0.43
NFA
Feedback will be appreciated.
Best wishes to all.
FetchAI (#FETUSDT): Downtrend Intact, Potential Correction Ahead💎 #FetchAI (#FETUSDT) recently broke below the downtrend trendline, signaling a continuation of the downtrend. The current price sits at the 161.8% Fibonacci support, indicating a potential for a pullback. A correction could lead #FETUSDT back to the trendline breakout point near $2.4, coinciding with the VolumeProfile resistance.
💎 Sellers currently dominate the market, and only when the supply area turns into a demand zone should we consider buying opportunities. Until then, we should be prepared for a possible downtrend continuation, with a potential 7% drop to the 261.8% Fibonacci support.
FETCH.Ai long term more gain and shine 💣🚀💣Hello 🐋
we expect to see more gain for the price in log term targets 🚀💣
Brief explanation 📖👌💡
it brings forward a blockchain platform that takes advantage of artificial intelligence in an attempt to help people automate everyday use.
The aim for Fetch.ai is to become a completely open and permissionless network that leverages AI to create a decentralized system that help by machine learning to execute tasks on the blockchain.
Fetchai is an interchain protocol
it harnesses the power of artificial intelligence to implement automated applications that are P2P without any human interference.
Fetchai was launched back in February 2019 through an Initial Exchange Offering (IEO) on the Binance Launchpad.📖
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
FETUSDTFet lost important support and the closest support seems to be in the 0.25 range. I expect the trend to react to the price of 0.2650 and go back up to the 0.3 resistance. But in the end, everything depends on the trend of Bitcoin.
Disclaimer: This chart and analysis are not meant to be, and do not constitute financial, investment, trading, or other types of advice or recommendations. #DYOR
Fetch.AI Starts To Gain Momentum (Easy 50% Possible & Beyond)This one is looking pretty strong in the past few days.
Looks like we will have a very nice bullish-crypto-weekend this week.
Fetch.AI (FETUSDT) has gone above EMA50, 5 days closing green, a strong RSI and really high volume.
We had a lower low 22-Nov. but bear volume was really low.
While the bull volume continues to be predominant in this chart.
The easy target is set at 50%+ followed by 110% for the higher high.
This can happen fast because crypto is wild.
Namaste.