FET
$FET - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins.
Here is the next project in my long term buy list: FET - Fetch.AI. I will be adding more FET on the dips to my buy zones shown on the chart.
Fetch.AI, represented by its native token FET, is a unique and innovative project within the Cosmos ecosystem, blending blockchain technology with artificial intelligence (AI). Here are some key aspects of the Fetch.AI project:
AI-Driven Blockchain Network: Fetch.AI is pioneering in integrating AI with blockchain technology. The platform uses AI to automate complex tasks, optimize trading, and improve efficiency in various industries, making it a trailblazer in the blockchain space.
Smart Ledger Technology: The project utilizes a 'smart ledger' that can support a high number of transactions and complex computational tasks, which is crucial for AI operations and large-scale industrial applications.
Autonomous Economic Agents (AEAs): Fetch.AI introduces the concept of AEAs, which are digital entities that can perform tasks autonomously. These agents can negotiate deals, make decisions, and interact with both digital and real-world environments, offering a new paradigm for automation and AI services.
Decentralized and Scalable: The platform is designed to be highly decentralized and scalable, addressing some of the inherent challenges in the traditional blockchain systems. This scalability is vital for supporting the extensive data and computation needs of AI applications.
Energy-Efficient Consensus Mechanism: Fetch.AI uses a novel consensus mechanism that is more energy-efficient compared to traditional proof-of-work systems. This eco-friendly approach is increasingly important in the context of global energy concerns.
Cross-Chain Interoperability: As part of the Cosmos ecosystem, Fetch.AI benefits from cross-chain interoperability, allowing seamless interaction with other blockchain networks, which is crucial for widespread AI and blockchain adoption.
Real-World Applications: Fetch.AI targets a wide range of real-world applications, from supply chain and logistics to smart cities and energy management, demonstrating the practical utility of combining AI with blockchain.
Community-Driven Development: The project places a strong emphasis on community involvement, with FET token holders having a say in governance decisions, ensuring that the development aligns with the community's needs and interests.
Strong Partnerships and Collaborations: Fetch.AI has established various partnerships and collaborations across different industries, which not only validates its technology but also accelerates its application in real-world scenarios.
Innovative Marketplace Solutions: The platform is working towards creating decentralized marketplaces where AEAs can autonomously negotiate and trade services, goods, and information, paving the way for a more efficient and automated economy.
Fetch.AI stands as an example of how blockchain and AI can be synergistically combined to create innovative solutions that address real-world challenges, making it a source of inspiration in the Cosmos ecosystem and the wider tech community.
Where is the FET target?We have a cup and handle pattern on the chart. We have rising CHs and the dynamic resistance is broken.
The upward momentum of the price is also good and strong. I specified two TPs that are FET targets.
You should always manage risk because financial markets are not certain and are based on probabilities.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FETUSDT.1DBased on the provided market data, the currency FETUSDT appears to be in an overall bullish trend.
On a 4-hour timeframe, the Relative Strength Index (RSI) is at 72.54, which is above the typical overbought threshold of 70, suggesting that the asset may be overpriced and could experience a price correction. The Moving Average Convergence Divergence (MACD) is at 0.0271, which is positive, indicating the short-term momentum is greater than the long-term momentum and thus supports the bullish trend. The Bollinger Band (BB) is at 0.7801, which is above the current price, suggesting that the price is in the lower range, and there might be a potential for price increase.
On a daily timeframe, the RSI is at 75.12, which is also above the overbought level, indicating a potentially overpriced asset. The MACD is at 0.06040, which is positive and supports the bullish trend. The BB is at 0.7574, which is slightly below the current price, indicating the price is in the upper range and there might be a slight decrease.
On a 7-day timeframe, the RSI is at 85.65, which is significantly above the overbought level, suggesting the asset is highly overpriced and a price correction is quite probable. The MACD is at 0.097, which is positive, indicating a bullish trend. The BB is at 0.7609, which is slightly above the current price, suggesting the price is in the lower range and there might be an increase.
Overall, the asset appears to be in a bullish trend but also seems to be overbought, which could lead to a price correction. Therefore, it could be a good idea to wait for a potential price drop before entering a long position. However, this analysis is based on historical data and does not guarantee future performance. It's always recommended to consider other market factors and your risk tolerance before making an investment decision.
Continuing the upward trend(FET)❤️❤️Thanks for boosting 🚀 and supporting us!
📈For less risk, you can enter failure confirmation and pullback and hit the trend line.
📊 (Buy) : 0.5906
🔴 Stop Loss : 0.5234
🎯 Take Profit : 0.7028 - 0.8328
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
$FET FetchAi Liquidity Zones My current thoughts on FET are that we sweep liquidity in green, unless the above supply level is confidently flipped. We have a rounding off top (3rd attempt to break this level) with weakness showing.
Liquidity, untapped, remains below in green if it cannot push past this resistance area soon.
Another great opportunity to accumulate for the long term if we get green imo.
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FET/USDT Distibution Phase. Need retesting to continue upward !!💎 FET has certainly captured the market's attention with its notable performance. At present, FET is experiencing consolidation within the supply zone. Typically, consolidation at higher levels can indicate a distribution phase, suggesting a potential downturn for a corrective test at the demand levels between $0.308 and $0.277.
💎 This observation comes from the fact that FET has not yet undergone a retesting phase following its breakout above the supply area. Should the asset retrace to these demand levels, a significant bounce could be anticipated, probability of FET toward the target supply zones and beyond.
💎 However, should FET revisit the demand zone without showing signs of a strong rebound—failing to reject lower prices—it could signal a loss of the demand area. Such a development would indicate bearish momentum for FET, opening the door for a possible descent to lower demand levels and potentially revisiting the key support area.
FET/USDT Had a Good Run | 👀🚀 What's Next Possible Move?💎 Yello, Paradisers! Turn your attention to FETUSDT – it's currently exhibiting an upward momentum within an ascending channel, hinting at a potential adjustment in response to a nearing supply zone.
💎 Recently, Fetch.AI has been steadily climbing within this channel. Yet, we might witness a shift or correction in the near future. It's crucial to acknowledge that FET is nearing a pivotal resistance level at $0.6061.
💎 Just past this resistance lies a notable supply zone, identified by an untouched Order Block (OB). If FET dips below the support level of $0.50, we anticipate a move towards the demand zone, as detailed in our analysis.
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FET/USDT potential shift? ? 👀 🚀 FET Today analysis💎 Paradisers, turn your attention to FETUSDT! We've observed its trajectory as it faces rejection from the resistance level, hinting at a heightened likelihood of a bullish surge from the Bullish OB.
💎 In recent history, FETUSDT managed to break free from a descending trendline, charting an upward course. At present, after facing rejection at the 0.3902 resistance level, the odds are leaning towards a bullish resurgence from the Bullish OB level.
💎 Additionally, the asset's strong momentum above the ema100 further amplifies the bullish narrative. However, be cautious: a breach below the .2806 level could signal a potential downward shift. Stay vigilant and strategize accordingly
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All Targets: done✅
Entry price: 0.2157$✅
Price reached : 0.5797$ ✅
Profit: 169.49% ✅🚀🚀🤑
🚀 Breaking News: FET/USDT Soars to Unprecedented Heights with a Staggering 169% Surge in the Spot Market! 📈
In a spectacular turn of events, the digital currency FET/USDT has witnessed an extraordinary surge, catapulting an astonishing 169% in the spot market. This meteoric rise has captivated the attention of traders and investors alike, marking a historic milestone for FET enthusiasts.
🔥 FETCH.AI [FET] Massive Cup & Handle PatternFET has been forming a huge cup &handle pattern over the last 1.5 years. With FET's most recent bullish impulse, it's a matter of time before we can see the final break out through the top resistance.
Cup & handle patterns are often patterns that precede huge volatile moves, so wouldn't be surprised if FET will make new all-time highs this year, especially with AI being "cool" again like at the start of the year.
Long-term target at 3$, stop below a short-term swing low.
FETUSDT Elliot Wawe theoryExcuse me!
An interesting picture has been drawing in front of me for days.
According to my theory and analysis, an elliot wave may be true for FETUSDT.
As part of this, we may now be in a correction.
I am attaching pictures of the details below.
First picture
$0.60 resistance
Second picture
Liquidation image
Third and fourth picture
Elliot wave in more detail on the hourly view.
R3ncso
FET - Ascending Channel with a Manipulative Move📈💨FET (Fetch.ai) has been showing a penchant for shakeouts, keeping traders on their toes. Currently navigating within an ascending channel, a recent manipulation near the lower range boundary suggests that a move towards $1 for FET might be imminent. Let's delve into the dynamics of this maneuver and explore the concept of order flow. 📈💨
FET's Shakeout Affair:
Ascending Channel: FET has been trading within the confines of an ascending channel, indicating a bullish trajectory. However, the journey is spiced up by occasional shakeouts, testing the resolve of market participants.
Manipulative Move: A recent manipulation under the lower boundary of the range caught the attention of traders, potentially setting the stage for a move towards $1.
Understanding Order Flow:
Order Flow Dynamics: Order flow refers to the continuous process of buy and sell orders entering the market. Understanding order flow involves analyzing the volume and direction of these orders to gain insights into market sentiment.
Shakeouts in Order Flow: Shakeouts are strategic moves to trigger stop-loss orders and liquidate positions, creating liquidity for institutional players. The recent manipulation near the lower range boundary can be seen as a shakeout in the order flow.
The Path to $1:
Channel Dynamics: Navigating within the ascending channel, FET may experience periodic shakeouts before potentially resuming its upward trajectory.
Target: $1: The manipulative move near the lower range suggests a potential target of $1 for FET. Traders should remain vigilant for confirmation of this move.
Trading Strategy:
Observing Order Flow: Keep an eye on order flow dynamics, especially during shakeouts, to gauge the intentions of market participants.
Confirmation: Wait for confirmation through price action before considering any significant entry or exit positions based on shakeouts.
Risk Management: Employ risk management strategies to safeguard your investments in the face of unexpected market moves.
Conclusion:
FET's journey within the ascending channel is spiced up by its inclination for shakeouts. As traders navigate these maneuvers, understanding order flow dynamics becomes crucial for making informed decisions in this dynamic crypto landscape.
May your trades align with FET's twists and turns, and the path to $1 be both exciting and rewarding.
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Link below🔑
FETUSD Isn't done yet. 1.800 is on the way.Fetch.ai (FETUSD) is rising aggressively these last few days, fueled by the formation of a 1D Golden Cross. This is the 4th such bullish pattern within the long-term Channel Up since it started on the March 13 2020 market bottom. Every time this formation emerged, the price had already started a rally sequence (such as today's) but is nowhere near its end. In fact in most cases it registered the most aggressive part after the Golden Cross.
The 1D RSI's similarities of the November 2020 - February 2021 Bullish Megaphone are a testament that we are on a similar pattern, which then peaked just below the 1.5 Fibonacci extension. As a result, we remain buyers on FET, targeting 1.8000.
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Fetch steadyWe’ve been seeing fetch creep up with steady support from the $0.18 area we could see this have support all the way up to $0.65 or nearly $0.80 before a retrace back
$0.45–$0.50 area before making a move over $1…
Pretty impressive support on FetchAi if it’s anything like back in August of 2021 (orange oval) we could see these movements take place.
Good luck and have fun with it
FET UP TO 1$-2$Hello guys. Market view. Today we will speack about FET. Its top coin in the AI Sector and i think that this coin make 1$ very fast in this year. What you think abou it ?
We can see strong bullish chart. Its top 3 on the sector, like a rndr etc so i buy this project and wait.
Good luck have fun.
FET/BTC - Fetch.ai: Trend Reversal◳◱ On the $FET/ CRYPTOCAP:BTC chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00001279 | 0.00001401 | 0.00001698 and support near 0.00000982 | 0.00000807 | 0.0000051. Entering trades at 0.00001093 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Fetch.ai
▣ Rank: 138
▣ Exchanges: Binance, Kucoin, Hitbtc
▣ Category/Sector: Infrastructure - Artificial Intelligence
▣ Overview: Fetch.ai is building a decentralized machine learning platform based on a distributed ledger, that enables anyone to share or exchange data.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001093 ₿
▣ 24HVol: 22.205 ₿
▣ 24H Chng: -3.445%
▣ 7-Days Chng: 2.98%
▣ 1-Month Chng: 88.99%
▣ 3-Months Chng: 98.37%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001279 | 0.00001401 | 0.00001698
◢ Support: 0.00000982 | 0.00000807 | 0.0000051
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: SELL
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: 7.94
▣ Last 90D: 3.28
▣ Last 1-Y: 2.08
▣ Last 3-Y: 1.24
◲◰ Volatility :
▣ Last 30D: 1.03
▣ Last 90D: 0.84
▣ Last 1-Y: 1.26
▣ Last 3-Y: 1.44
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.71 - Bullish
▣ In-depth FETBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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