Fetch.ai is currently sitting just above Buy Zone 2. The current Stochastics showing an extremely oversold market, we expect Fetch to test the previous ATH @ $0.88 and further $0.92 at the 127.20% Fibs before testing our April target which is a 88% Gain to New ATH at the 161.80% Fibonacci level @ $1.125. Since reaching a new ATH on the 31st March @ $0.88, we have temporarily lost momentum in the current push phase, retracing down 37% to $0.54. A formed on the 7th and 13th April, both being met with huge rejection from this key support which signifies that they are still Bulls in the market currently poised to start pushing the price back to ATH levels.
1 of 2 scenarios could play out from the current price level; Scenario 1: If we break the where the formed, breaking below $0.54 and the 61.80% Fibonacci level would signify sentiment in the short-term.
Scenario 2: Which is the more probable scenario from here; we would see a similar jump in price from this previous key level as seen before with a 56% gain from 21/03/21 to 28/03/21. Note this move to the 161.8% Fibonacci level may not be a straightforward move back up but may happen in 2 to 3 different push phases. Use Buy Zone/ DCA Zone to map out your Buys. Happy Trading :) $FET #Hodl
Update 30/03/21 Fetch.ai (FET) 21% Gaint to New ATH accumulate more coins from DCA zone. Happy Trading :). FET has been in this beautiful continuation pattern, See previous analysis below.
Update from 20/03/21 Fetch AI (FET) very strong continuation pattern 56% Gain from Buy Zone 1 to the 127.20% Fibonacci level
Fetch AI (FET) in very strong continuation pattern NEW ATH at the 127.20% Fib level @ $0.91. Fetch has been in a continuation pattern since 01 /03/21 when the 13 crossed up the 50 signalling a strong Buy signal on the swing call script. Fetch reached a new ATH @ $0.76 14 days after the buy signal triggered. From this momentum from the 1st March to 14th March FET has shown little to no selling pressure retracing on every move up down to the 78.60% Fibonacci level showing us weak retracements as traders take profit, but we are still in a very sentiment and the Bulls are very much still in control. Since the 13EMA crossed up signalling a buy signal FET has failed to test the 50SMA until 18days after the start of this move towards the ATH @ $0.76 (18/03/21) where we saw a big wick rejection on the showing strong upward pressure in the market from this key . Use Buy Zone 1 to map out your buys, we expect a bounce from this level back towards the ATH and further 127.20% Fibonacci level @ $0.91 with a potential 56% Gain from this level. With the release of Fetch AI's mainnet 2, we expect the continuation pattern to continue as new partnerships will be announced shortly after the release of the new mainnet on the 31st March 2021. Happy Trading $FET #LongFet
Key Notes on Fetch AI:
Fetch.AI (FET) is a combination of Blockchain and artificial intelligence (AI), an ambitious project aimed at creating a fully automated economy based on autonomous “authorized agents.” Artificial intelligence and online agents will be used to perform various tasks that can simply be done by booking a hotel. Or more complex tasks such as weather modelling or supply chain design effectively.
Through its 3-layer structure, Fetch.ai proved superior to other protocols with the following advantages:
The elements (people, hardware, services, …) inside Fetch.ai can operate separately and in parallel with each other but can be quickly connected.
Fetch.ai simplifies the deployment of algorithms, IoT and complex systems. By using the AI / ML architecture, it allows software devices and agents to find each other, learn from each other and exchange value with each other, enhance and optimize solutions for Daily problems through intelligent connectivity, ML and AI.
Applicable in many fields, from transportation to tourism , even heavy industries (like steelmaking) can use the Fetch.ai protocol to improve performance and productivity.
As a platform that combines technologies that are considered to be the “future”: blockchain, Machine Learning (ML), artificial intelligence (AI).