Fetusd
FETBTC Technical Analysis Overview ( Bullish broke out )FET/BTC Technical Analysis:
FET/BTC now Current price is 504 Satoshi.
And now Falling wedge Broke out also done.
We can see in Chart Broke out also confirmed with Good volume.
Support Level: 456-475 Satoshi Strong Support
and 407 Satoshi is All Time Support and Also we can say Last support.
If this also break then we can see free fall till 200-300 Satoshi.
Resistance: 600 Satoshi / 716 Satoshi.
Targets: 600/716 Satoshi is our initial Targets.
If Bitcoin will stable then 807 Satoshi is our last Target.
Why buy..? Technically also looking very good and bullish Brokeout Falling wedge.
Note: Not financial Advice.
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FET/BTC TA Update (Testing Key Fib Support)FET/BTC
FET has failed to hold the golden Fib level at 600 sats areas and now the price is testing the key support between 500 sats regions or the last Fib 0.786.
If FET can't get above this downward trend-line of support in the coming days, I expect 1 more leg down to retest the Swing Low at 470 sats area
before re attempting to break the down-line resistance or potentially change the trend.
FETUSDT formed bullish Shark | Upto 25% move expectedThe Priceline of world's 110th ranked cryptocurrency Fetch.ai (FET) has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of FET price action's moves:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.04532 to $0.04252
Sell between: $0.04783 to $0.05344
So this trade has potential to produce upto 25% bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
FET/BTC TA Update (Bounce at key Support?)FET/BTC
FET is on a deep pullback after breaking support at 650 sats area. The price has reached important key support and golden Fib 0.618. Can we expect a bounce from this key zone?
If only FET can maintain this level for at least 48 hours, there will be a high probability of a pump will occur because the bears have failed to bring the price lower.
FET/BTC TA Update (Bounce at Golden Support Area?)FET/BTC
FET is on a deep pullback and it's in the range of 0.5 - 0.618 Fib support area. If price can hold this level for the next 7 days,
I expect a bounce will take place as the 50 Day MA plus the ascending trend-line support will give an extra boost to make the trend rising again.
FET/BTC TA Update (Break 200 Day MA or Pullback?)FET/BTC
FET is currently struggling to break above the 200 Day MA and previous support turning into new resistance.
Bearish RSI divergence is also adding stress for the price to move up further. If FET will unable to break this resistance within 24-48hrs,
We could expect the price to pull back into the support area to accumulate more buyers to step in.
FET/BTC TA Update (Healthy Pullback?)FET/BTC
FET has temporarily topped out at 889 sats but that is normal as RSI went too extended in the overbought condition.
Price is on a decline for a healthy pullback into potential setup another Higher Low.
I have highlighted in the chart where the support or buyers may step in.
FETUSDT forming bullish Shark | Upto 12% movePriceline of Fetch.AI / US Dollar is forming a bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.04513 to 0.04379
Sell between: 0.04654 to 0.04946
Regards,
Atif Akbar (moon333)
FETCH - Future of Blockchain Innovations or just next Sh#tcoin?As you can explore on official website Fetch.AI is a decentralized digital blockchain in which useful economic activity takes place. This activity is performed by autonomous agents delivering solutions to tasks like deployment of algorithms, IoT and complex systems. The most interesting part of the project is that activity of agents based on machine learning and AI .
Pretty ambitious application at first glance. But plunging into further study of the project, I was surprised how thoughtfully and logically Fetch.AI team is building their project.
Fetch.AI team is basing in Cambridge, UK. And the main architect and CEO of the startup is Humayun Sheikh. He is original pioneer from DeepMind – artificial intelligence company acquired by Google for around $500 million.
It doesn’t even make sense to tell you how Google’s neural network works, you already know this very well when you are using search or getting ads. The most important thing is that Fetch.AI project essentially implements a neurocomputer on the blockchain. And the team behind the project seems to be clearly knowing how to make it work.
But what is the Fetch.AI token? First you need to know that FET is a utility token, not a security. And the main purpose of it is to be used by autonomous agents to deploy specific economic activity in the network such as: connecting agents to the network, exchanging value between agents, accessing ledger-based AI/ML algorithms etc.
Quite difficult to understand? In the practical application this means Fetch.AI network will be used in decentralized commodity exchanges, transport and mobility, energy, IoT, smart cities, E-commerce, healthcare, social networks.
Wow, but that affects almost every aspect of our lives! That is the reason I decided to post this idea. I am considering Fetch project as one of the most promising and what is important undervalued on crypto market . Of course, a lot of work still needs to be done.
Presently FET is an ERC20 token and a full mainnet is scheduled for the end of Q4 2019. But some practical implementations are made already:
September 30 2019 – Beta mainnet launched.
October 10 2019 – First staking auction took place.
October 18 2019 – Fetch.AI DeFi commodity platform records historic first trade. The trade was conducted between Turkish steel giant Bastug Metallurgy and one of its suppliers.
October 21 2019 – Fetch.AI machine learning scientist Yujian Ye has produced two papers. Both supported by the EU Sysflex project under the European Union’s Horizon 2020 research and innovation program. Both highlight how Fetch.ai’s autonomous agents will be at the center of the energy models of the future.
October 22 2019 – Fetch.AI and Grey Swan Digital have entered into an agreement to integrate their platforms in order to offer Smart Market Making and Smart Margin Lending.
Do not get me wrong, I do not want to exaggerate Fetch.AI project. But you must admit, deploying real use case at such early stage of development is very rare and promising in the crypto market. Pretty good for a project that does not have even its own mainnet yet, what do you say?
Now let’s go to the technicals. Here when the ugly comes.
After one of the most successful IEOs (initial exchange offering) on Binance with a starting price $0.0867 for 1 FET token about $6M were raised. FET price reached almost $0.49 and after… DUMPED SO HARD that the only definition for it as a sh#tcoin came to mind… In the moment price made huge x5 gains for IEO successors who speculatively sold on the top and continued selling during almost all year 2019:
Huge selloff led to a collapse of FET price by 93%
The bears were joined by early investors who bought FET on presales before the IEO which tokens were being unlocked during all that period. As a result, the price went down to the level of the very first presale of $0.0341:
FET price returned to its ultimate low Seed Sale level where found support
Now you probably already regret taking time to read this long-drawn-out idea, but do not rush, because we have good possibilities of obtaining high returns on this asset.
The first signal that we can notice is a huge volume spike on FET/BTC chart :
The increase in volume coincided with Fetch.AI’s first staking auction
We see slightly less volume on FET/USDT chart, so we can only guess that the reason may also be the overflow of Bitcoins into Altcoins on the eve of the new altseason. Or, large speculators choose an undervalued assets as a long term investments. But what we are confident with accuracy is that validators and large stakeholders who bought and continue buying FET token do not intend to push the price further down . This is due to the high level of investments that they need to hold as a stake, as well as the high cost of equipment used for nodes maintenance.
Secondly , we can notice RSI divergence on both FET/USDT and FET/BTC daily charts:
RSI Divergence on daily charts indicates possible bottom
For these reasons, we can consider current levels as a long-term bottom.
With that being said, my overall thoughts on Fetch.AI are inclined to the fact that this asset is very promising not only from a fundamental point of view, but also from a technical.
As for the price drop you must understand that revalued IEO, unlocked tokens of early investors, drop in Altcoin capitalization against of the Bitcoin capitalization growth – all these circumstances resulted in such a strong panic sale. And at the moment FET token is one of the most undervalued in the market . Buying FET now for long term might result in great investment opportunity. When saying long term, I mean 3 to 5 years.
This idea is not advertising and author did not receive any rewards or tokens for it :)
What will happen next the price will tell.
This idea is not a financial advise, but you probably know that already ;)
Fetch AIGood day.
Fetch AI is a small scam coin from Binances CZ,But:
It has market cap around 13 mln $ with daily volume of around 30 mln $,it is the smallest market cap altcoin from the ones on binance launchpad.
It might be worth to take the trade even if it doesn't have any "fundamentals" :)
RSI climbing upwards.
Buy somewhere here with a tight Stop 0.14~0.1398.
Upward potential uknown,it will go someday for price discovery and it will be fun.
Have a nice monday )
Fetch AIGood day.
Fetch AI seems like a scam comming from Binance with market cap of 15 mlns, but they keep it's daily volume around 30 mln.$ for months already so it might be a nice play.
We may see a nice breakeout upwards till 0.24$ and more
Set a tight SL at 0.1640
Careful because RSI is in a downward,might retest again 50 level.
FETBTC is close to supernova explosion.hi everyone.
I am a developer a trading bot with artifical intelligence called "Mikabot" ,"TraderMikabot"
since i develop this smart bot, i have math tecnique about trading
i love long falling wedge
i love fibonacci support and resistance
i believe in the math in trading
fetbtc is in midterm falling wedge
fetbtc is in also curve that is strong.
look at the fibonacci levels
21 may 2019, fetbtc rised to fibonacci level (0.00004340)
look at the down trend from 14 march
maybe you can not see but fetbtc is in a small pennant to rise
in the big picture, look at the long term logaritmic down trend line.
if fetbtc breaks these trends, then fet will be able to exlose :)
we will see what will happen
$FET Good Time to Enter Now?Fetch was one of the most hyped project of IEO along with MATIC, BTT, and CELR.
Let's see how this one age.
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