Market & Ticker: Fetch.ai - FET/USDT
Horizon / Timing: Mid-term / 1 to 3 months
Fetch.ai is still showing an extremely high bullish momentum at the current level calling for a larger upside to follow. Don't miss the actual AI/ALGO Coin hype and jump into FET – potential is at 0,89 on the near-term basis.
At the current level, we expect a further bullish move towards 0,89 (+64%) at first and in extensions 1,30 (+135%) before a further extension towards 2,70 (+390%) as long as 0,28 remains a valid Tactical support in Daily close.
Technical Key Elements:
- The long-term trend analysis shows potential towards 2,70 (+390%) before 6,20 (+1000%) as long as 0,0530 (-90%) Strategic support remains valid in weekly close.
- The RSI indicator is progressing in overbought area without divergence
- The Moving average crossed to the upside: Double “Golden” Cross
- The Fibonacci key support is adjusted at 0,28 as tactical support while the Elliot wave shows upside potential towards 1,30 in wave (v)
|Trade Idea conclusion: Buy - Conviction:||(High)|
Target 2: 1,30 (+135%)
Target 1: 0,89 (+64%)
Buy: add in dip area 0,16/0,1330
Stop: 0,0,0980 (-40%)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)