Fetch A.I. nearing the top trendline of its falling wedge
Not sure how long it will take it to break upward from this wedge so the measured move line and breakout target is currently placed in an arbitrary location that will obviously need adjusted to wherever it legitimately breaks up from. Not exactly sure how this chart will be effected by the merger of fetch, singularity nd the other ai chain merge. Wil have to wait and see. Will update this chart whenever we get a legitimate breakout. *not financial advice*
Comment
If it can flip the 1day 50ma(in orange) to solidified support it will breakout sooner rather than later. Comment
We now have 1 daily candle close above the top trendline, now need a follow up candle or 2 to retest that top trendline as solidified support. Comment
Back inside the wedge.Comment
At this point I think it’s safe to assume that price acton has broken up from the wedge. A little further down than where I arbitrarily placed the measured move line, but if we were to adjust the measured move line to the actual breakout point, it seems safe to say the target is at least $3 and possible a few cents above that. Always a chance that t could take one last dive back inside the wedge but at that point the probability of that is very low with the exception of some significant black swan event. *not financial advice*
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