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Hello everyone,
Let's analyze Fetch.AI (FET) both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Fetch.AI is an AI lab creating an open, decentralized machine learning network with an integrated cryptocurrency economy. Their platform democratizes access to AI technology by providing a permissionless network where anyone can connect and securely access datasets. Autonomous AI on this network performs tasks that utilize a vast global data network. Fetch.AI's model focuses on applications such as enhancing DeFi trading services, optimizing transportation networks (like parking and micromobility), managing smart energy grids, and improving travel systems—essentially, any complex digital system dependent on extensive datasets.
TECHNICAL ANALYSIS:
FET has undergone a significant 80% correction from its all-time high but is currently finding support at $0.712. This level is crucial for the coin's recovery.
Technical indicators are showing bullish signs:
Strong support levels: Price is holding above the 200 EMA on daily and 50EMA and 100EMA on monthly charts.
RSI nearing oversold: The RSI indicator is approaching the oversold zone, suggesting potential buying pressure.
Entry: $0.636 - CMP
Target: $4.5 - $5.6
If the $0.625 support breaks, a deeper correction towards $0.18 - $0.25 is possible, offering a potential accumulation opportunity.
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FETUSDT trade ideas
FET Re-Accumulation Time?It has been a while since taking any serious interest in crypto as things cool off.
Enough time, enough discount, new interest...
This is a weekly line chart of FET. Looking at the price action there has already been a typical but always hated 50% pull back to the lows.
This 50% pull back magically aligns with its last major broken resistance for a hopefull support resistance flip.
Looking at momentum and the curvature of the price action we can see it has reach max velocity in time for percentage of value loss. This is the point where we typically see a reveral. The culmination of the curve.
Measuring rate of change in our typical 15degree intervals we can see we are also ina time area for a typical reversal.
Momentum oscillator on the weekly is also in the seriously over sold area with momentum slightly just begining to shift to the upside.
Trading Plan: These are "signals" of a high probability buying oppertunity for at least a relief rally. There is a loss of momentum at critical support. Current plan is to DCA as price action confirms allowing to accomodate one more potential serious price drop. There is certainly room for another drop and would create an even better buying oppertunity BUT the current price is equally likely to hold as support.
FET Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
FET is down 80% from its all-time high and is currently holding support at $0.712. If this support holds strong, the price is likely to rebound to $3-$4.
The RSI is close to the oversold zone and is forming a hidden bullish divergence, indicating a bullish signal for FET.
Key levels:
- Accumulation: $0.460 to CMP
- Primary Resistance: 21 EMA at $1.424
- First Target: $3-$4
- Higher Target (Long-term): $10-$12
DYOR, NFA.
Thanks
#Crypto #FetchAI
Support and resistance levelsFetch.AI has reached the support level in the $0.70 to $0.74 range after a downtrend. This strong support level may play a crucial role in stabilizing the price and preventing further decline. However, there are not yet sufficient signs to confirm a trend reversal, and market reaction in this area should be closely monitored.
Support and Resistance Levels:
Support Levels:
$0.74 Level: This is a key support level, with the price currently fluctuating near it.
$0.70 Level: This lower support level may act as a backup if the $0.74 level is broken.
Resistance Levels:
$0.888 Level: This level acts as the first significant resistance, and breaking through it could indicate a return of buyer strength.
$0.948 Level: This higher resistance level, if surpassed, could further strengthen the upward trend.
FET is currently in a support zone that could act as a balance area. However, to confirm a trend reversal and the start of a new upward movement, the price needs to break through the key resistance levels at $0.888 and $0.948.
FETUSDTFETUSDT is trading in strong bearish trend and consistently printing LL LHs. and is about complete ABCD pattern at strong daily support level. And it looks like FETUSDT forming a local bottom here .
If the bullish rally starts from here , the next possible target could be 1.3500 followed by 1.800
FET - Bouncing back from the support zoneBINANCE:FETUSDT (1D CHART) Technical Analysis Update
FET is currently trading at $1.29 and showing overall bullish sentiment. The price has hit the support zone and held strong. We are seeing a clear bounce back from the support, which is a bullish sign and a good opportunity for a long trade.
Entry level: $ 1.303
Stop Loss Level: $ 0.910
TakeProfit 1: $ 1.487
TakeProfit 2: $ 1.644
TakeProfit 3: $ 1.876
TakeProfit 4: $ 2.329
TakeProfit 5: $ 3.336
Max Leverage: 3x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
Let's try this again - FET ShortFET has hit a 6.85 just as it did in its last market cycle top. I think that from here there is a chance that it dumps down to the 2.618 area as an initial dump. This is approximately around $1.22.
Once this initial dump takes place, it will likely do a nice bounce back upwards, which typically sets up another dump/short opportunity. This bounce will probably take us back up to around $2.50. So a nice long opportunity within a short opportunity. If this plays out as it did last time, you should be able to short down to around 57 cents. So first short - about 60%, counter trend long - 100%, second short op - 73%. That's IF this plays out the same way as it did last cycle.
If we just continue bullish - my next upward target is $4.52.
FET inside the descending channel The price of FET is moving in a descending channel and has recently bounced from the channel support and support zone (Green) at $0.784 - $0.830.
If the price break above from the descending channel middle line and $1.159 level.
If the price did not holds the support zone (Green) and the descending channel support we might see the price to the next support zone (Blue) at $0.453 - $0.525.
Fetusdt Great opportunityGreetings,
We've identified a promising Adam and Eve setup on FET, signaling the potential for a substantial rally in the near future. Building on the success of our previous analysis, particularly with regards to wave 3, we anticipate a similarly favorable outcome this time around.
It's crucial to capitalize on this opportunity by holding onto the coin, as indicated by the pattern's bullish implications. We advise exercising caution and implementing sound money management practices to navigate the market effectively.
All relevant targets have been clearly outlined on the chart to facilitate informed decision-making. Your valuable insights and opinions on FET are encouraged and welcomed for further discussion.
FET - Bullish wedgeTime for a new analyis on FET :) So obviously the fractal didn't play out tha well to say the least but it's still helpful to identify certain market patterns once in a while to get a feeling on how markets behave. Of course, history won't repeat itself, but it rhymes :)
Anyway, as we speak FET is printing a nice bullish wedge on the daily chart with volume confirming it. On top of that 1$ sounds like a decent entry, although I think we are going to see some random moves tomorrow and likely another 3-6% stop hunt below 1$, but really should not go any lower, saying another 20-30% flush.
Bullish wedges have a high hit rate, probably second highest hit-rate after double-bottom patterns BUT if they fail, they fail HARD. If you want to be safe you should wait for a breakout of the trendline and long on retest, longing here would be a more aggressive aproach bit think it's worth a shot, although it's a bit knife-catching. Just adjust your risk management and don't overleverage (been there, done that).
Target should be around 2$, so pretty decent ROI.
Stay safe!
FetchAI - What Does It Say?FetchAI was a big winner for us, this project did pretty good in the recent bullish wave...
How are you feeling this Saturday?
I am hoping you are having a wonderful day.
We used this trading pair chart to help us predict what the rest of the altcoins market was going to do, how it would behave: "What one does, the rest follows." Remember?
➖ FETUSDT is down 70% from its March 2024 peak while signaling lower prices.
The main support as things are looking now is the 0.786 Fib. retracement level at $0.86975. Looking at this chart, it can continue lower and then the long consolidation phase before anything new.
It seems the AI bubble is over.
👉 The price dynamics of this chart should be considered and can be used to determine how other big projects that are still trading "high-up" will behave in the near future.
I hope you find this information useful for your trading.
Thanks a lot for reading.
Remember to bless me with your support.
Namaste.
I think that it may be time to start building FET longs. Howdy everyone!
This is a follow-up to my FET short trade idea.
That short trade idea had two take profit areas within it, 1 of which we have already hit at approx. 1.42-1.20. The second take profit zone was just below at approx .90-.63.
I think that we might be finding support in this current area, and the second short trade take profit area may not get hit this time around. So this idea is based upon a long position in between the two take profit zones from that idea.
We've been as low as 1.06, and we are currently sitting at 1.18. I am suggesting starting your long positions in this current trading range.
My suggested take profits from this current trading range are: approx: 1.98, 2.50, and 3.00. We could at any time between now and hitting any of these targets turn around and hit the lower short trade target of .90-.63, so that is why I am giving at least 3 take profit points.
My current next big target if we make a new high in the markets is 3.94ish.
Anyway, I do appreciate your collaboration!
FET - Repeating pattern? 6$ target!?I am watching this pattern for a few days now, not the biggest fan of fractals as they are simply too obvious and too easy to trade along. No free lunch. BUT markets have a tendency to repeat themselves and just by looking at the chart, it seems FET is printing a VERY similar pattern as we have seen summer '21 when BTC bottomed out at ~30k.
Now, IF this pattern plays out, we should not drop below "5" anymore. IF we take out "4" with BTC breaking above 72k this fractal might be in play. Not sure about the target, could go as high as 6$ though.
Stay safe!