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FET

FETCH - Future of Blockchain Innovations or just next Sh#tcoin?As you can explore on official website Fetch.AI is a decentralized digital blockchain in which useful economic activity takes place. This activity is performed by autonomous agents delivering solutions to tasks like deployment of algorithms, IoT and complex systems. The most interesting part of the project is that activity of agents based on machine learning and AI . Pretty ambitious application at first glance. But plunging into further study of the project, I was surprised how thoughtfully and logically Fetch.AI team is building their project. Fetch.AI team is basing in Cambridge, UK. And the main architect and CEO of the startup is Humayun Sheikh. He is original pioneer from DeepMind – artificial intelligence company acquired by Google for around $500 million. It doesn’t even make sense to tell you how Google’s neural network works, you already know this very well when you are using search or getting ads. The most important thing is that Fetch.AI project essentially implements a neurocomputer on the blockchain. And the team behind the project seems to be clearly knowing how to make it work. But what is the Fetch.AI token? First you need to know that FET is a utility token, not a security. And the main purpose of it is to be used by autonomous agents to deploy specific economic activity in the network such as: connecting agents to the network, exchanging value between agents, accessing ledger-based AI/ML algorithms etc. Quite difficult to understand? In the practical application this means Fetch.AI network will be used in decentralized commodity exchanges, transport and mobility, energy, IoT, smart cities, E-commerce, healthcare, social networks. Wow, but that affects almost every aspect of our lives! That is the reason I decided to post this idea. I am considering Fetch project as one of the most promising and what is important undervalued on crypto market . Of course, a lot of work still needs to be done. Presently FET is an ERC20 token and a full mainnet is scheduled for the end of Q4 2019. But some practical implementations are made already: September 30 2019 – Beta mainnet launched. October 10 2019 – First staking auction took place. October 18 2019 – Fetch.AI DeFi commodity platform records historic first trade. The trade was conducted between Turkish steel giant Bastug Metallurgy and one of its suppliers. October 21 2019 – Fetch.AI machine learning scientist Yujian Ye has produced two papers. Both supported by the EU Sysflex project under the European Union’s Horizon 2020 research and innovation program. Both highlight how Fetch.ai’s autonomous agents will be at the center of the energy models of the future. October 22 2019 – Fetch.AI and Grey Swan Digital have entered into an agreement to integrate their platforms in order to offer Smart Market Making and Smart Margin Lending. Do not get me wrong, I do not want to exaggerate Fetch.AI project. But you must admit, deploying real use case at such early stage of development is very rare and promising in the crypto market. Pretty good for a project that does not have even its own mainnet yet, what do you say? Now let’s go to the technicals. Here when the ugly comes. After one of the most successful IEOs (initial exchange offering) on Binance with a starting price $0.0867 for 1 FET token about $6M were raised. FET price reached almost $0.49 and after… DUMPED SO HARD that the only definition for it as a sh#tcoin came to mind… In the moment price made huge x5 gains for IEO successors who speculatively sold on the top and continued selling during almost all year 2019: Huge selloff led to a collapse of FET price by 93% The bears were joined by early investors who bought FET on presales before the IEO which tokens were being unlocked during all that period. As a result, the price went down to the level of the very first presale of $0.0341: FET price returned to its ultimate low Seed Sale level where found support Now you probably already regret taking time to read this long-drawn-out idea, but do not rush, because we have good possibilities of obtaining high returns on this asset. The first signal that we can notice is a huge volume spike on FET/BTC chart : The increase in volume coincided with Fetch.AI’s first staking auction We see slightly less volume on FET/USDT chart, so we can only guess that the reason may also be the overflow of Bitcoins into Altcoins on the eve of the new altseason. Or, large speculators choose an undervalued assets as a long term investments. But what we are confident with accuracy is that validators and large stakeholders who bought and continue buying FET token do not intend to push the price further down . This is due to the high level of investments that they need to hold as a stake, as well as the high cost of equipment used for nodes maintenance. Secondly , we can notice RSI divergence on both FET/USDT and FET/BTC daily charts: RSI Divergence on daily charts indicates possible bottom For these reasons, we can consider current levels as a long-term bottom. With that being said, my overall thoughts on Fetch.AI are inclined to the fact that this asset is very promising not only from a fundamental point of view, but also from a technical. As for the price drop you must understand that revalued IEO, unlocked tokens of early investors, drop in Altcoin capitalization against of the Bitcoin capitalization growth – all these circumstances resulted in such a strong panic sale. And at the moment FET token is one of the most undervalued in the market . Buying FET now for long term might result in great investment opportunity. When saying long term, I mean 3 to 5 years. This idea is not advertising and author did not receive any rewards or tokens for it :) What will happen next the price will tell. This idea is not a financial advise, but you probably know that already ;)
Long
by V0ld3mar
5
LONG - FET - Trading OpportunityVolume rising at a scary pace and a double bullish divergence, we would wait for a retest to jump into it. Entry: 0.00000469 StopLoss: 0.00000450 Target 1: 0.00000514 Target 2: 0.00000546 Target 3: 0.00000603 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento
$FET, Testing ~460 sats level with UCTS buy signal on the 12H..$FET Testing ~460 sats level with UCTS buy signal on the 12H & increasing volume... Current level matching EMA50, crossing above it could also be a catalyst.. Trendfinder green across multiple TFs If manage to flip current level into support, then aiming for ~600sats #FET Managing my stop losses, take profits and trades over 3commas platform for Binance has been a great experience. I have to do a few clicks and everything is managed automatically by the platform.. Thanks
by CryptoNTez
Fetch.AI Full Trade Inside | Over 650% Profits PotentialRecently I shared a full trade for Fetch.AI (FETBTC). This trade remained private because the daily limit was reached... I am writing again for this chart so you can take advantage of it. The chart is looking really bullish with increasing volume and strong bullish divergence on the indicators... For this reason, and the market sentiment fully shifting from bearish to bullish, we think that FETBTC will grow/move up. Here is the full trade signal | (FETBTC|652%) Crypto Signal Thanks a lot for your continued support. If you have any questions feel free to use the comments section below. This is not financial advice. Namaste.
Long
by AlanSantana
8
FETBTC 109% - 541% Hello gyus Trend line is broken pattern created. According to the SMRT Volume indicator, the volume is high above the Como cloud but the price is still below the cloud and this indicates that the price will be pumping soon(As long as Bitcoin stays stable).There is also a divergence. Targets: 1)0.00001027(109%) 2)0.00001513(202%) 3)0.00002228(355%) 4)0.00003189(541%) Stop:0.00000333 Current price: 0.00000510 Good luck ---------------------------------------------------------------------------------------------------- I don't have a VIP channel because I believe I want to give my signals to everyone for free, to support me you can donate to the wallet as much as you like: BTC wallet: 1JRcLsWenyc25571De4V8GwxpaDYa61rGy
Long
by SMRT_98