FetchAI - What Does It Say?

3 Agu

FetchAI was a big winner for us, this project did pretty good in the recent bullish wave...

How are you feeling this Saturday?
I am hoping you are having a wonderful day.

We used this trading pair chart to help us predict what the rest of the altcoins market was going to do, how it would behave: "What one does, the rest follows." Remember?

➖ FETUSDT is down 70% from its March 2024 peak while signaling lower prices.

The main support as things are looking now is the 0.786 Fib. retracement level at $0.86975. Looking at this chart, it can continue lower and then the long consolidation phase before anything new.

It seems the AI bubble is over.

👉 The price dynamics of this chart should be considered and can be used to determine how other big projects that are still trading "high-up" will behave in the near future.

I hope you find this information useful for your trading.

Thanks a lot for reading.

Remember to bless me with your support.

Namaste.

3 Agu

Catatan

Looking here at the log. chart, we can see plenty of room for prices to move lower...

We don't know how much lower it will go but this is how we approach this market, this and other pairs; First, we wait for the bearish impulse to be over and a low to settle. Then we wait for the "accumulation phase" as shown on the left side of the chart. We start buying and going LONG/Bullish/Up within the accumulation phase for long-term profits/growth.

I hope you find this information useful.

Namaste.