Fetch.ai is another AI crypto-based platform that provides access to AI technology. Anyway, it seems FET moving in an ascending channel, a wide one. Currently, FET's corrective wave reached a horizontal area on which the price bounced off several times; both as a support and resistance area. We have to wait and see if this horizontal area can act as a support again and then see if FET can break the minor downtrend line. Let's see what happens.
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FET is going up. There are two resistances on its way: the first is a horizontal area, and the second is the channel's middle line. Let's see what happens.
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So, FET broke both the horizontal resistance area and the channel's middle line. That means FET is going toward the next two possible targets. Let's see how high FET can go.
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FET is approaching the first target.
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So, FET reached the first target, but couldn't break it. There is probably going to be a correction or oscillation. Let's see what happens.
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It seems FET is trying to break above the first target. If successful, FET will move toward the second target. There might be some pullback on this area. Let's see what happens.
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So, FET couldn't break above the first target line. As a result, correction started and FET went down and rested on the previous horizontal level area. Also, it seems FET is moving in a steep ascending channel. Then, FET broke the downtrend line and is going up toward the first target line. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.