Technical Analysis

Fetch.AI Is MooningMar 7, 2024

Fetch.AI Is Mooning, as we see strong and massive five-wave bullish cycle in progress by Elliott wave theory.

Cryptocurrency Fetch.AI with ticker FETUSD is one of the most performing coins in the past 2 years and it’s nicely rising as expected. If we go back to September of 2023, when we actually spotted strong support within a completed higher degree correction, from where we expected a bullish continuation, it’s coming strongly up and it may not stop just like that.

Fetch.AI Is Mooning FETUSD Daily Chart From September 15 2023
FETUSD Daily Chart From September 15 2023

Looking at today’s update after only 6 months, FETUSD is higher more than 1000% and there can be actually room for more gains after recent break above all-time highs decisively. We can also see an extended leg above base channel resistance line, which is signal for wave (3) of 3, so more upside can be seen up to 5-8 area, just be aware of wave (4) pullback around 3.0 – 3.5 area before a bullish continuation for wave (5).

Fetch.AI Is Mooning FETUSD Daily Chart From March 07 2024
FETUSD Daily Chart From March 07 2024

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