Fetch A.I. has a lot of use cases that are pretty relevant in this pandemic. The fundamentals are good. It just went on a good run and has to pull back now. I'm looking to buy in at the 0.04 USD area unless the pullback begins to look like it will be more steep. It could realistically head back down to the 0.35 USD area. It looks primed to double or better in the next month. Be aware that Bitcoin and Ethereum are also positioned to make major moves in the coming weeks. If Bitcoin breaks the 11,000 mark, altcoins are going to dump and Bitcoin is going to surge.
Comment:
Oops, it could pull back to the 0.035 USD area, not the 0.35 USD area.
Trade closed: stop reached:
Well, that was abrupt! Fetch hit the target price area then immediately catapulted upwards. I'd expect another pullback lol. This one could end up only drawing down to about 0.047, though.
Trade closed: target reached:
Oops. Target* reached, not stop reached.
Comment:
I could see this correction reaching its bottom at the 0.042 usd region if we're forming an arc. To me, this would signify a parabolic run. Don't take that as investment advice, I'm just a guy who probably knows less about this stuff than you.