Fetch AI Gartley Pattern
Fetch AI (or ASI, depending on Binance's ticker update) has been in a consistent downtrend from its peak at $3.48. It appears in a bottoming range, forming a classic Gartley pattern.
Key Levels to Watch:
Immediate Test Levels: The price will likely test the $1.00 - $1.18 range soon.
Accumulation Range: Any pullback to the accumulation zone between $0.70 - $0.94 would present a strong buying opportunity.
Targets Upon Breakout:
Target 1: $1.76
Target 2: $2.41
Target 3: $3.10
Risk Management:
Stop Loss: Set at $0.50 to manage downside risk.
A close above the downtrend line will confirm the breakout, potentially driving the price towards the T1 and T2 targets. Keep an eye on any pullbacks into the accumulation range, as these could provide optimal entry points for a potential upside move.
Key Levels to Watch:
Immediate Test Levels: The price will likely test the $1.00 - $1.18 range soon.
Accumulation Range: Any pullback to the accumulation zone between $0.70 - $0.94 would present a strong buying opportunity.
Targets Upon Breakout:
Target 1: $1.76
Target 2: $2.41
Target 3: $3.10
Risk Management:
Stop Loss: Set at $0.50 to manage downside risk.
A close above the downtrend line will confirm the breakout, potentially driving the price towards the T1 and T2 targets. Keep an eye on any pullbacks into the accumulation range, as these could provide optimal entry points for a potential upside move.
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