✳️ FetchAI Perfect Wave Count + Volume & Other Signals

17 Jun 2023

It might be "too early" but I am seeing here a perfect bullish impulse followed by a classic correction, this is matched by decreasing volume on the correction and hidden bullish divergence on the RSI.

This whole structure/pattern can lead to a new impulse, a 1,2,3,4,5 bullish wave, which would be the third wave of a higher degree.

The revealing signal truly is the volume.
It was rising as prices moved up and dropping as prices moved down, confirming the impulse/correction relationship.

In any case the risk is low and the upwards potential strong. This is not financial advice.

Additional details on the chart.

Namaste.