moment of truth for FET coming very soon to determine the futureFET behaved weaker than expected before (see dimmed trendline drawn before)
it also wicked out below major support, which is not great, though not too horrible either.
It adds to weakness -- strong selloffs, followed by weak rallies
Either way, we approach a crucial short term trendline. Breakout and we can expect more growth short term for the weeks ahead. Followed by another major decision point.
If we go down, we can break down lower.
Not trading this for now until I see strength. Neutral.
FETUSD trade ideas
Fetch.ai: Lower Once More?So far, Fetch.ai has remained just above the upper edge of our blue Target Zone between $1.09 and $0.81. However, we primarily expect the coin to dive deeper into this price range to complete the blue correction wave (ii). On the other hand, if this intermediate correction has already been completed with the low on December 20, FET will bypass our Zone and rise directly above the two resistances at $1.54 and $2.19 during the blue wave alt. (iii) directly (37% likely).
FET 4-hour .. Where's the bottom? When to buy?Have the left-over money to re-invest into FET. around $650
Where to enter. Yeah that's a tough situation.
"Yeah I'm gonna catch the bottom"
It's possible if your sitting on your computer all day long, not probable.
I like to place an order incase I am not at home.
#1...I am comfortable stating that FET will go up and create new highs one day, most likely next year.
#2...Buy on the way down or the dip after major indicators are looking very exhausted. "Possible that is now"
#3...4-hour MACd usually has one more dip in it as it turns and heads upwards, at some point before crossing into positive territory.
Those items are part of the thought process. I have 500 or 600 coin purchase points, which will be more than the original 401 I had had.
For now I will place the order to buy down at the 96 cent level. .. the $1.30 will be reserved for a trade in, if PA decided not to go lower.
All together I might miss an entry point in the near future.
PA could indeed march down -72% to 63 cent level... This is a situation that is still in play, beware.
Another stop loss should be applied. or.. because the deep dives are usually quick to recover then not stopping out...
If that happens, a cost averaging play could be a solution or just wait for PA to gain back all the lost PA.
Fet , bullrun targetsArtificial super intelligence alliance, bloody hell the name freaks me out :)) whether you like it or not AI is devouring us , the development pace is just mind blowing and it gets into crypto aswell . Donโt leave a basket empty of AI projects specifically this one . I have some macro targets that can be useful in the way , I got them with a lots of measurements lol , have a good night my friends .
FET 4-hour - AI - "Artificial Superintelligence Alliance"I was and wasn't bummed I sold my initial entry too early. However I shouldn't complain to much making 60% profit on that in less than a month.
I decided to play with some house-monies and found a re-entry position to squeeze another scalp trade.
I do like the coin and almost wish I would just hodl some large bags worth.
This project will probably be one of the successful use cases more like a utility token, having that 3 individual coin projects recently merged into this one.
Hence the wording "Alliance".
We have indicators like the 4-hour that got low enough in negative territory to have reset and start the trending upwards. Looking for the 4-hour divergence that did not form, however it was turning upwards and I entered into the trade. A few hours later a 1-hour divergence formed and PA started it's march upwards.
Looking to reach about a 10% increase in PA and will re-evaluate the trade situation, around the $1.87 level.
Why trade FET ? .. it has an outstanding Volatility right now. There will be possibilities and opportunities for multiple short term scalping trades.
I have posted Fib lines, triangle structure, and two target "yellow rectangles".
I have always used a 2% COT "cost of trading" buffer, it tends to be the maximum cost and a minimum goal to start profit taking.
Good Luck
$FET Move IdeaI've been wrong on NYSE:FET before, so don't take this to the bank or leverage :) ... I'm in spot from much lower.
This recent CRYPTOCAP:BTC dump had NYSE:FET testing $1.34 lows. I was personally expecting a final dump in this area if price action repeats the prior big move from 1Q24.
If this plays out, you would see a thrust to $6.50-$8.50 in 1Q25 (6x), perhaps with an "AI" narrative revival.
FET in weekly chartPlease consider that this idea is a schematic counting for this symbol so please do not tell your arguments that this price levels is not possible, however it is possible.
That chart should start to rise then we can mark it properly but that sequence of numbers should be like this.
Thanks
FETCH.AI is looking strong to reach march highs (+50% to +80%)FETCH.AI is above the anchored vwap from the march highs, is showing great momentum in the higher timeframe and increasing moneyflow that could lead the price towards the previous ATH.
The target is the last march highs, with fibonacci 1:1 extension and monthly level between $3,05 to $3,67.
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*
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*
Fetch.AI - Bullish breakout incoming?FET seems to be on the verge of a breakout that would start the next run up with a minimum price target of $17.50, looking at the 1:1 extension of the 2020-2021 bull run. Price has been breaking above weekly descending trend lines and further confirmation would be received with candle closes above the last swing high (~$16) and the 0.618 fib level (~$2)
Will Artificial Superintelligence Alliance retest its lows?ASI(FETUSD) has recently retested the resistance area around the 1.70-1.80 area and may have gotten rejected. However, with BTCUSD at near ATHs again its possible the crypto market will experience a pullback where BTCUSD retests its prior resistance as support in the 70-75k area. With SPY and QQQ also at major yearly resistance levels which could indicate a short term pullback in the stock market and with lower highs on ASI's RSI, I think it makes sense to prepare for the possibility of FETUSD retesting its prior lows around the $0.80 area. If this occurs, this would be a good area to go long with the caveat that there are reasons to believe that the markets are close to topping as a whole.
I do think we will get a recession next year for a multitude of macro reasons. One of the first obvious signs would be once unemployment in the US starts sustainably going up which could happen as soon as December and January. If this plays out, I think crypto as a whole will get a nasty crash and altcoins like this one will see severe drawdowns potentially back to prices seen in 2023.
Fetch: Recovery!FET has shown some recovery in recent days. We have now refined the blue wave (iii), breaking it down into a more detailed substructure based on the current price action. This structure suggest that the altcoin has completed the low of the orange wave ii and is working on the initial stages of the corresponding orange wave iii. During this movement, we expect a breach of the resistance at $1.74. The upward momentum should only pause significantly further north, where a wave-iv correction is anticipated. After establishing the low of this correction, the final leg of the blue wave (iii) should resume its ascent. That said, we must keep in mind our alternative scenario (27% likely). This scenario calls for a lower low of the blue wave alt.(ii).
FET is very Wyckoffy right now!TLDR โ FET is cleared for takeoff.
FET on the 15 minute view has just printed a near perfect Wyckoff Cycle with phases A though D... and is now in phase E before the next leg up.
FET did not pump on with the Trump effect. But now it looks like it's ready to move into the next leg of the cycle.
So I am bullish on FET at the moment. I believe It will reac over the $2.00 range soon.