Fetch ai's wave-3 has completed its upward trajectory and is now transitioning into a downward wave-4. You can begin scaling in within the green triangle; the top of the triangle represents the smallest order, while the bottom indicates the largest order. Once wave 4 concludes, I will provide an updated price target for the upcoming wave-5 ascent.
Trade active
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I'm starting accumulation. My view is: May be there is a low in place, if not i will buy more when its drops.
I think we can forget about seeing $0.78 anytime soon.
WaveFibs
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@ronakio1 Yes, I agree. As long as the price remains above $1.28, the last support in the lower degree wave, there shouldn't be any worries. However, I am anticipating another low since there hasn't been a sustained break above $2.50. If we break above $2.50, then wave 3 should unfold.
georgek80
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you;re snoozing Not going to drop the daily rsi is ready to pump up
WaveFibs
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@georgek80 It's important to note that in cryptocurrency trading, RSI should primarily be used to spot divergences and convergences. This is because indicators like RSI can lag, and cryptocurrencies can remain in oversold or overbought conditions for extended periods, often weeks at a time. Relying solely on RSI for immediate market movements might not be the most reliable strategy without considering these factors.