FETUSD Will it correct? Be ready for $10.
Fetch.ai (FETUSD) easily hit our last $1.80 target that we set 4 months ago (November 20 2023, see chart below) when the price was still only 0.57:
That completed the 2nd wave of the (dotted) Channel Up that started on the November 22 2022 market bottom, which was a Higher Low on the wider, historic Channel Up that goes back to 2020. Now that the 1.5 Fibonacci extension broke, we do expect a new pull-back but not lower than the 1W MA50 (red trend-line), which should act as a Support until this Bull Cycle is over or the 1.0 Fib (which is where the June 22 2021 low bottomed).
As a result we are looking for an entry around 1.2000 for a buy that will target the top of the historic Channel Up at $10.00.
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That completed the 2nd wave of the (dotted) Channel Up that started on the November 22 2022 market bottom, which was a Higher Low on the wider, historic Channel Up that goes back to 2020. Now that the 1.5 Fibonacci extension broke, we do expect a new pull-back but not lower than the 1W MA50 (red trend-line), which should act as a Support until this Bull Cycle is over or the 1.0 Fib (which is where the June 22 2021 low bottomed).
As a result we are looking for an entry around 1.2000 for a buy that will target the top of the historic Channel Up at $10.00.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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