fetch.ai FET gonna fetch yo believe
No real bottom yet and people yet shill AI coins to da moon? That screams for an incoming hammer, doesnt it?
Lets take a look at the price action here
2020-2020 what do we got? overlapping (!) impulse on log and base10 (!)? or corrective ABC pattern up?
1) It was impulse up: FET is expected to retrace at a minimum to 0.618. Came close but given the negative market conditions still not there. It came down in 5 waves (white) with w3 = 2.618 => w5 = 4.236 - check! So if it came down in 5 waves, it needs a corrective pattern next (yellow abc) and another 5 waves down. Using the first leg as indicator we see it would precisely hit 0.886 - perfect target for a retrace before a strong impulse
2) It was corrective up: Expecting at least a double bottom for a flat ABC but rather really a new low before going, ideally to 1.272 with 5 waves (orange), we got requirement hit with w3 = 4.236 => w5 = 8.236 @ $0.0096
Either way you look at it, as long as the downtrend is not flipped with confirmation, trend remains down, HARD DOWN.
Looks pretty doomy, but unless trend has not flipped, gotta stick with more favorable outcomes
Hold my beer pls
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No financial advice, do your own research, don't be stupid
FETUSDT trade ideas
Watch for breakout topside Fetch! If we zoomed in on the daily and 4 hour chart, massive 30-40% daily gains(today as of now 32%), zooming out we see a head and shoulders setup and saw it decline as is typical. Based on the bullish momentum as of late I predict Fetch to break and move bullish. Not financial advice but you all are my bestest best friends and we should get an apartment together.
FETUSDTThe Fetch.ai Mainnet Upgrade known as “Capricorn'' brings some huge upgrades to the chain, such as how it enables Inter-Blockchain Communication (IBC) that allows the $FET token to become available across all IBC enabled chains that run relayers to it, this also helps the $FET token to become available on many DEXs across the Cosmos Ecosystem in the future, with the first one being Osmosis Lab. v1.0.0 CosmWasm VM smart contracts are also able to run on the network, allowing for permissionless inter-chain contracts to be developed by any developers using the Fetch.ai network. During the upgrade there will also be a reconciliation of native $FET tokens to those who didn’t remove their tokens from the old Ethereum based staking contract before it was tombstoned.
FET FLYFETUSDT LONG
i See my Harmonic pattern as confirmation after the C
Line and waiting for the breakout on my yellow marker 0.0800
to proceed to my tp 0.1048
with a stop loss around 0.7
Disclamer:
I am not a financial advisor. The content that I share on this website are for educational purposes and are our own personal opinions.
3800% growth for the #FET...Hello guys...
as you can see on chart, #fetusdt formed a sloping double top and target of this pattern is as high as height of head that mean price should touch $0.0315
on the other hand, on $0.03 area is on QML and lq bar that make this area super strength for starting bullish trend until $1.15.
it is excellent position
entry:0.0315
target: 1.15
always do your own research.
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