✴️ FetchAI Fast 50% Jump In The Making ($40K Bitcoin?)

FetchAI (FETUSDT) just broke EMA100 as resistance and is starting to gain in bullish momentum.

I mentioned that this pair moved first in early 2023, one of the strongest, and its breakout revealed what was coming to the rest of the Crypto-market.

Now, many Altcoins aren't looking that beautiful, people still have their doubts about Bitcoin and what is likely to happen next. FetchAI can help you clear those doubts if you are part of that group, this chart is saying "massive strength".

We have a low 10-June followed by a higher low in August (based on session close), this is a repeating pattern all across the market. We see this pair moving forward and that's exactly what the rest of the market will do.

Here I am mapping a short-term move but this isn't likely to be all.

Almost 7 months of correction, it has to end at some point.
We are in a bullish trend, after the correction is over a higher high comes next.

✔️ Can't wait to see how it all develops... Positive!
✔️ Can't wait to see Bitcoin hitting above $40K... Easy!

Namaste.

Comment:

FetchAI continues really strong on its bullish bias. Volume is good and...

Let's have a look at the weekly timeframe, keep in mind the analysis above:

We have the highest volume in a long-time and last week closed above all the moving averages, all of them.

Look at the bullish cross on the weekly MACD

The RSI is above 50, this is all really strong.

Comment:

Bullish continuation is still in place after a higher low.
Notice the current trading volume, it is higher even than August and September when the higher l ow/support was confirmed.

Potential for next target mapped on the chart.
Short-term = fast.

Comment:

So far we have 86% growth and the question is one and the same, can it go higher?

FETUSDT can continue growing but not necessarily straight up.
Whenever a resistance level is hit there is always the possibility of a retrace or full correction, always.
(This is true for Bitcoin as well)

Volume is good here...

Seeing a retrace show up or a correction developing is no big deal, that is why we prepare before-hand: When to sell and how much at each target.

Let's look at the weekly...

It looks great. Weekly/long-term, nothing changes and FETUSDT is aiming for straight up... It can change though each time a resistance level is hit.

Maybe I should publish a new trade for the weekly timeframe?
It is pretty interesting to see if and when we get a new All-Time-High, because this is what is looking like.

What one does, the rest follows!

Namaste.

Comment:

FETUSDT did great, more than 140% growth.
Now, everything is turning bearish short-term.

- We have a rounded top.
- Bearish cross on the MACD.
- Decreasing volume.
- RSI dropping.

Short-term, a retrace or correction can develop.

We continue aiming higher long-term. (4-12 months).