Fetch.ai: Dive in! 🤿FET continued to rise until last Sunday but has since fallen. We now consider the green wave 3 to be completed and locate the coin in the wave 4 correction. To intercept the low of this movement, we have added a corresponding green Target Zone (coordinates: $2.51-$1.82) to the chart. Long positions can then also be opened there, whereby any stops could be placed around 1% below the lower edge. After the low, we expect a fresh upward push to take the coin above the $3.13 resistance level. That this resistance level will be broken earlier is 33% likely in our view. In this alternative scenario, the price would still be working on the green wave alt.3.
FETUSD trade ideas
FETUSD Long. Can I get better DCA prices in short term?The AI narrative is strong right now and market euphoria is always irrational. The coins show strength with deeper alt corrections. Although Fetch hasn't had a deep corrective pullback, I believe it still has room to run. Reset on MACD with green dot printed. RSI has reset although it is downtrending. Would love to feedback and continue to be a student of mistakes.
FETUSD - Fetch.AI potential path and targetCRYPTO:FETUSD Fetch appears to have completed an ABC correction. It established 0.48-0.56 as an area of support with the November-December consolidation and then retested that support during the corrective phase, hitting the VWAP anchored to the 10/23/23 breakout. It met overhead resistance at the VWAP anchored the the 12/26/23 prior high. Clearing and retesting this level will imply an opportunity in the 0.80-0.90 range. A close below 0.5 would invalidate.
FET Fetch AI chart. Possible ascending triangle to $3.49 PT1 hour chart. Ascending triangle building steam for possible attack of all time highs again and looking at cap out around $3.49. FET Fetch Ai other chart frames with some cooling off into oversold could be the fuel this engine needs. 64% chance its breaks into all time highs again bouncing off $3.49 area
FET - Will Soon Make New Highs 🚀When the great buy-the-dip opportunities were available for FET the bears were in song and it was oh so foolish to buy Bitcoin, let alone buy high risk altcoins.
But AI coins are flying now and soon FET will make new highs.
This is only a second bullish momentum candle printing on the week chart so this could go quite a bit higher from here considering how many there were in the previous wave up and so it is still a reasonable buy here.
But obviously those tasty deep buys are now long gone.
If we have faith in classic use of Elliott Wave for impulse waves then a 1.618 trend based fib extension would see FET get all the way to $9.
If it did get there it would be a great selling opportunity but its a long way off for now so we'll see...
Not advice
Fetch.ai ... looking a bit weak.
We hit that 15 sma nicely with the 0.382 fib. Unfortunately it looks like we are rolling over and going to pull down. ** we could get a second bounce on that 15 sma, it has been consistent.
The lower high was not surprising to me because of the weekend slower price action and BTC not making a move either way.
Lets see what patterns show up and keep and eye on big daddy BTC.
Keep some powder dry for any dips and protect them profits.
Thank you to all the new subs and support I hope this TA helps in some way.
Fetch.AI showing positive signs and resemblancesFrom September 2021 to November 2022, the asset corrected by more than 95% during its downtrend. I found many similarities in the corrective structure of this period with the potential wave 2 of this new recovery cycle.
Please, note the green and purple boxes and the formation of a double bottom. Then, observe how the asset behaved after breaking out of the accumulation period at the end of 2022.
Could we be witnessing something similar happening in a potential wave 3? Within the Elliott Wave Theory, this impulsive wave would be of greater magnitude and, therefore, larger than the previous wave 1.
Fetch.ai projections for the next few weeks.This is what i expect if BTC and ETH pull back to that historic 10% levels before pushing up to new highs.
Target 1. is a pull back of low 20% range. $0.90's
Target 2. This is a bit scarier because that means BTC and Eth are pulling back hard. Mid 30% range down to the $0.80's and $0.70's
Good luck and keep that powder dry until time to pull that trigger.
AI CRYPTO FETUSD SEEKING STRENGHT IN PRICE CORRECTIONSSince its December 2023 peak, FETUSD has been in price correction; a successful close above 0.6415 could be a significant indicator of an upcoming upward surge for this AI-powered crypto.
N.B!
- FETUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
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FET at a crucial pointFET is at an interesting point. We had a spike in buying pressure on the 1D chart just above $0.50, which normally produces a price increase in the medium term, but there are a couple of channels on the 1-day RSI which are worth keeping an eye on. It's just about on the third touch of the upper limit of the downward channel so let's see if it breaks up or is rejected again. It's already broken the lower limit of the upward channel, showing some weakness. I think it's once more down before up for the bull run, but I'm not shorting here. Not financial advice.
FET Potential Accumulation ZoneLooking at the FET Daily chart it has undoubtfully been a big mover with very impulsive directional moves followed by massive sideways accumulation/distribution zones.
Bear Market low to current cycle high is nearly 1500%. An asset is never so high it can not go higher and never so low it can not go lower. Impulsive price rise is a sign of support and strength and FET has certainly had it.
The equally sized green boxes are the repeating average range of approximately 50% each at its extremes.
Looking at current price action and the overall crypto market a larger move to the downside is highly probable before pushing higher.
If we apply the 50% range to our current high it is correlating very nicely with the upward macro trend line, previous support, and aligning very nicely with the 50-62.5% golden pocket retrace level.
Current Trading plan is to wait, wait, and probably wait more until price shows clear signs of accumulation likely in the 40-.50 area with hopeful brake out in April/May. Hopefully produces another directional move to the upside with the all time high as a clear and obvious target 3x higher
Trade Well....
.382 on FetTake a look a bit closer
Looking at the dates in the past and basing this off of patterns we can see that back in the 5the of Sept. 2021 we had a retrace to the .382 on the fib retracment.
Here starting the New Year we see a similar pattern, moving back to the exact .382 mark.
After this pullback we see a sharp spike upwards to $1.20.
Assuming we’re doing the same pattern prepare for the push up before the full restatement before the true take off.
Fetch.AI may have completed its correction in in parity with USDI have nothing in favor of this cryptocurrency. However, it is one of those that achieved better performance in the initial phase of the artificial intelligence hype.
The peak of wave 3 was easy to identify during that period; optimism was very high, and a correction could easily start from there. In addition to the technical settings that were quite favorable for this to happen. Any experienced trader easily made profits with this information.
Absolutely normal movement in wave 4. It's interesting how the correction pattern was similar to the previous one (colored boxes).
I waited a long time until I saw a possible reversal setup. That's what I believe might be happening.
Some indicators are still not favorable. In a short-term operation, I wouldn't feel comfortable.
Thanks!
FET in a sizable inverse head and shoulder pattern.We can see that the right shoulder on the FETUSD chart has just now been completed and is retesting the neckline of the inverse head and shoulders for the 1st time upon its completion. Usually in these situations lately especially in the early phases of the bul market, we have seen several other cryptos do a headfake on their first attempt at breaking above the neckline of an inverse head and shoulder pattern..some times even 2-3 fake out breaks before the inevitable real breakout…so there is then a reasonable possibility that this could see at least 1 correction or pull back before the legitimate breakout up from this pattern. In the sideways market we would sometimes get as many as 5 head fakes before the real one…in phase 1 of the bull 2-3 but if we are entering phase 2 of the bull we may see these kind of patterns start to trigger with only one head fake and ossicle no head fakes at all. If it were to confirm a breakout here soon without any pull backs then the measured move target should have it heading to a 2x or so somewhere around 1.12-1.20. I plan on accumulating a little here just in case. If we are fortunate enough to see a pull back before the official breakout I plan on accumulating more then as well because at that point the gain will be more than a 2x once it occurs. *not financial advice* Always a chance that it gets rejected and dips below the head of the pattern too thus nullifying it…but that Din of thing hasn’t really happened since the sideways market so it. Is quite a low probability.
FETUSD (4H) - Bearish reversalHi Traders
FETUSD (4H Timeframe)
Waiting for the downward break of 0.460 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.549 would cancel the bearish scenario.
Trade details
Entry: 0.460
Stop loss: 0.549
Take profit 1: 0.405
Take profit 2: 0.316
Score: 4
Strategy: Bearish reversal