Fetch.AI(FET) is Ready to Correct 🚨➖40%🚨
📈Today, I want to analyze a project that has increased over 🚀➕500%🚀 over the past month, but it seems that the time for correction has come; the project's name is Fetch.AI(FET).
📚What Is Fetch.AI(FET)❗️❓
🔸Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.
🏃♂️The Fetch.AI (FET) is moving in an Ascending Channel on the daily time frame, currently near the Upper line of the Ascending Channel and the 🟡Potential Reversal Zone(PRZ)($3.60-$2.80)🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
💡For better analysis, we can also use the FETBTC chart.
💡FETBTC is near the Upper line of the Ascending channel and 🟡Potential Reversal Zone(PRZ)🟡.
🌊In terms of Elliott wave theory, FETBTC seems to be completing the Double Three Correction(WXY), and I expect FETBTC to fall into the 🟢Support zone🟢 if Bitcoin corrects, we can expect a further correction from FET.👇
🔔I expect the FET to start falling(🚨➖40%🚨) from the 🟡PRZ🟡 to the 🟢Support zone🟢 and Support lines in the coming hours.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Fetch.AI Analyze (FETUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📚What Is Fetch.AI(FET)❗️❓
🔸Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.
🏃♂️The Fetch.AI (FET) is moving in an Ascending Channel on the daily time frame, currently near the Upper line of the Ascending Channel and the 🟡Potential Reversal Zone(PRZ)($3.60-$2.80)🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
💡For better analysis, we can also use the FETBTC chart.
💡FETBTC is near the Upper line of the Ascending channel and 🟡Potential Reversal Zone(PRZ)🟡.
🌊In terms of Elliott wave theory, FETBTC seems to be completing the Double Three Correction(WXY), and I expect FETBTC to fall into the 🟢Support zone🟢 if Bitcoin corrects, we can expect a further correction from FET.👇
🔔I expect the FET to start falling(🚨➖40%🚨) from the 🟡PRZ🟡 to the 🟢Support zone🟢 and Support lines in the coming hours.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Fetch.AI Analyze (FETUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment:
Still, the analysis is valid; FET can continue to fall with the help of the Head and Shoulders Pattern.
Trade closed: target reached