Freshly goldencrossed Fetch heading towards inverse h&s targetGoldencross just occurred and so far fetch is responding with a green candle. It has been slowly climbing up its inverse head and shoulder measured move line but we could see it do something similar here to how Render reacted recently. I expect price to hit both of these targets in the near future *Not financial advice*
Artificialsuperintelligencealliance
Freshly goldencrossed Fetch heading towards inverse h&s targetGoldencross just occurred and so far fetch is responding with a green candle. It has been slowly climbing up its inverse head and shoulder measured move line but we could see it do something similar here to how Render reacted recently. I expect price to hit both of these targets in the near future *Not financial advice*
FETUSD Buy it while it is still cheap.Artificial Superintelligence Alliance (FETUSD), commonly known as Fetch.ai, has been trading within a 4.5-year Channel Up since the March 2020 market bottom and following the 2022 Inflation Crisis that bottomed on the week of November 21 2022, it has entered a new Channel Up.
That is technically the new Bullish Leg of the 4.5 year Channel Up, which is the new Bull Cycle. Naturally, it shares many common characteristics with the previous Bullish Leg/ Cycle. The symmetry between its Legs (blue Arcs) is strong and so is their tendency to reach the 0.5 Fibonacci retracement level upon pull-backs and then rebound.
It appears that right now we are at the final stage of the Channel Up, where after finding Support on the 0.5 Fib and more importantly holding the 1W MA100 (green trend-line) on the August 05 Low, it is aiming for the last rebound.
Based on the % rise of the previous Bullish Legs, this should be on a +1050% minimum, so our Target is $8.000.
It is interesting also to notice the MACD squeeze, after the last 2 Bullish Crosses, which is a clear bottom sign.
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FETUSD on the Channel Up bottom. Buy opportunity.The Artificial Superintelligence Alliance (FETUSD) has been trading within a Channel Up since the August 05 bottom. The price is currently at the bottom of the Channel Up and around the 1D MA50 (blue trend-line), where the last Higher Low was priced (September 06).
The proper Support is offered by the 1D MA100 (green trend-line), marginally below. This price action appears to be an attempt to form the new bottom, but since the previous two Bullish Legs were confirmed upon a 1D MACD Bullish Cross, you may wait for such confirmation.
The Target is at least 2.000 (proportional % rise compared to the previous Bullish Legs. Since however the 1D MA200 (orange trend-line) provided the last rejection on the September 25 Higher High and is essentially holding as Resistance since June 27, you may wait until this breaks (candle closing above it) and then commit to a long. Trade based on your risk appetite.
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