ASI - Fetch AI Downtrend on the short-term and until merger
The price has been consolidating after its all time high. Sell pressure is pretty high.
The 50 and 100 Moving Averages have crossed after hitting the SELL Order Blocks at ATH getting us a selling volume of over 167M and 83M (A, A2).
Price has broken through the small buy OBs (B2) and it's headed towards the OBs which I marked with A3 and B. With the upcoming merger (sometime hopefully this year if the team is actually being serious about this whole ordeal and won't disappoint degens with further delays.)
Conclusion: Even though the price seems to be in a confirmed downtrend, I'm staying hopeful and thinking about a good scenario: once the fat OBs at B gets filled (539.683M) and if the merger will be in any way successful - price is gonna turn hard erected with green bars towards astronomical gains. Partnership with Deutsche Telekom is also VERY based, I'm wondering if they're going to be utilizing Agents as Customer Support or if the use cases would go out to be more complex than that. Either way, price actions stays negative until we reach the bottom OBs.
What's your thoughts on ASI/FET? Where do YOU see it heading price-wise?
The 50 and 100 Moving Averages have crossed after hitting the SELL Order Blocks at ATH getting us a selling volume of over 167M and 83M (A, A2).
Price has broken through the small buy OBs (B2) and it's headed towards the OBs which I marked with A3 and B. With the upcoming merger (sometime hopefully this year if the team is actually being serious about this whole ordeal and won't disappoint degens with further delays.)
Conclusion: Even though the price seems to be in a confirmed downtrend, I'm staying hopeful and thinking about a good scenario: once the fat OBs at B gets filled (539.683M) and if the merger will be in any way successful - price is gonna turn hard erected with green bars towards astronomical gains. Partnership with Deutsche Telekom is also VERY based, I'm wondering if they're going to be utilizing Agents as Customer Support or if the use cases would go out to be more complex than that. Either way, price actions stays negative until we reach the bottom OBs.
What's your thoughts on ASI/FET? Where do YOU see it heading price-wise?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.