Fetch.AI(FET) is Ready to Correct 🚨➖40%🚨📈Today, I want to analyze a project that has increased over 🚀 ➕500% 🚀 over the past month, but it seems that the time for correction has come; the project's name is Fetch.AI(FET) .
📚What Is Fetch.AI(FET)❗️❓
🔸 Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.
🏃♂️The Fetch.AI (FET) is moving in an Ascending Channel on the daily time frame, currently near the Upper line of the Ascending Channel and the 🟡 Potential Reversal Zone(PRZ) ($3.60-$2.80) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
💡For better analysis, we can also use the FETBTC chart .
💡FETBTC is near the Upper line of the Ascending channel and 🟡 Potential Reversal Zone(PRZ) 🟡.
🌊In terms of Elliott wave theory , FETBTC seems to be completing the Double Three Correction(WXY) , and I expect FETBTC to fall into the 🟢 Support zone 🟢 if Bitcoin corrects, we can expect a further correction from FET. 👇
🔔I expect the FET to start falling (🚨➖40%🚨) from the 🟡 PRZ 🟡 to the 🟢 Support zone 🟢 and Support lines in the coming hours .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Fetch.AI Analyze (FETUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Fetchaianalysis
📉FETCH.AI --> 0.21$ then 0.18$ 📈BINANCE:FETUSDT
COINBASE:FETUSD
Hello Traders, please check out my previous ideas.
If the price stabilizes above the red area, the short scenario won't be fulfilled.
targets are on the chart.
optimum stop-loss is above the 0.2561 level.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
Fetch.ai (FET) Update 02/04/21: 59% Gain to New ATHFetch.ai (FET) Update 02/04/21: 59% Gain to New ATH at the 161.80% Fibonacci level @ $1.125
Fetch.ai is currently sitting just below our DCA Zone, current Stochastics showing an extremely oversold market, we expect Fetch to test the previous ATH @ $0.88 and further $0.92 at the 127.20% Fibs before testing our April target which is a 59% Gain to New ATH at the 161.80% Fibonacci level @ $1.125
Update 30/03/21 Fetch.ai (FET) 21% Gaint to New ATH accumulate more coins from DCA zone. Happy Trading :). FET has been in this beautiful continuation pattern, See previous analysis below.
Update from 20/03/21 Fetch AI (FET) very strong bullish continuation pattern 56% Gain from Buy Zone 1 to the 127.20% Fibonacci level
Fetch AI (FET) in very strong bullish continuation pattern NEW ATH at the 127.20% Fib level @ $0.91. Fetch has been in a bullish continuation pattern since 01 /03/21 when the 13 EMA crossed up the 50 SMA signalling a strong Buy signal on the swing call script. Fetch reached a new ATH @ $0.76 14 days after the buy signal triggered. From this bullish momentum from the 1st March to 14th March FET has shown little to no selling pressure retracing on every bullish move up down to the 78.60% Fibonacci level showing us weak retracements as traders take profit, but we are still in a very bullish sentiment and the Bulls are very much still in control. Since the 13EMA crossed up signalling a buy signal FET has failed to test the 50SMA until 18days after the start of this move towards the ATH @ $0.76 (18/03/21) where we saw a big wick rejection on the Daily chart showing strong upward pressure in the market from this key resistance level . Use Buy Zone 1 to map out your buys, we expect a bounce from this level back towards the ATH and further 127.20% Fibonacci level @ $0.91 with a potential 56% Gain from this level. With the release of Fetch AI's mainnet 2, we expect the bullish continuation pattern to continue as new partnerships will be announced shortly after the release of the new mainnet on the 31st March 2021. Happy Trading $FET #LongFet
Key Notes on Fetch AI:
Fetch.AI (FET) is a combination of Blockchain and artificial intelligence (AI), an ambitious project aimed at creating a fully automated economy based on autonomous “authorized agents.” Artificial intelligence and online agents will be used to perform various tasks that can simply be done by booking a hotel. Or more complex tasks such as weather modelling or supply chain design effectively.
Benefits:
Through its 3-layer structure, Fetch.ai proved superior to other protocols with the following advantages:
The elements (people, hardware, services, …) inside Fetch.ai can operate separately and in parallel with each other but can be quickly connected.
Fetch.ai simplifies the deployment of algorithms, IoT and complex systems. By using the AI / ML architecture, it allows software devices and agents to find each other, learn from each other and exchange value with each other, enhance and optimize solutions for Daily problems through intelligent connectivity, ML and AI.
Applicable in many fields, from transportation to tourism , even heavy industries (like steelmaking) can use the Fetch.ai protocol to improve performance and productivity.
As a platform that combines technologies that are considered to be the “future”: blockchain, Machine Learning (ML), artificial intelligence (AI).