Fetch.ai (FETUSD) easily hit our last $1.80 target that we set 4 months ago (November 20 2023, see chart below) when the price was still only 0.57:
That completed the 2nd wave of the (dotted) Channel Up that started on the November 22 2022 market bottom, which was a Higher Low on the wider, historic Channel Up that goes back to 2020. Now that the 1.5 Fibonacci extension broke, we do expect a new pull-back but not lower than the 1W MA50 (red trend-line), which should act as a Support until this Bull Cycle is over or the 1.0 Fib (which is where the June 22 2021 low bottomed).
As a result we are looking for an entry around 1.2000 for a buy that will target the top of the historic Channel Up at $10.00.
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