$FHE will conduct a 'plain language' analysis from both the [project prospects] and [technical indicators] perspectives, making it easier for everyone to understand clearly.
[Project Prospects]
First, we need to understand the meanings of FHE and AgenticWorld.
FHE: Simply put, it is a technology of end-to-end encryption.
AgenticWorld: A platform that can provide agent collaboration.
For example, in daily life:
When you buy a car or a house, the merchant conducts the transaction through the AgenticWorld platform, while the AgenticWorld platform uses FHE technology to complete the transaction between both parties, ultimately the merchant can only see that the transaction is completed but cannot know your payment information. This is a reflection of FHE technology.
The FHE technology encrypts your personal information data, where the merchant can only know that the transaction is completed. If both parties do not trust each other, they can also check the transaction process through blockchain records to ensure that the transaction is genuinely completed.
The prospects of the project lie in this 'end-to-end encryption.' In the past, traditional encryption methods in web2, although data is encrypted during transmission, once the data reaches the server, it can be viewed by others, leading to low privacy. In contrast, FHE encrypts the entire process and does not affect data computation.
However, FHE also has its drawbacks, one major disadvantage being its extremely high computational demand, leading to complex algorithms. But with the further development of AI technology, this drawback will gradually diminish in its impact on FHE technology.
Moreover, the investors backing it include well-known names like Binance Labs (Yzi Labs), Cogitent, Hashkey, Animoca Brands, and Chainlink. Therefore, the security and reliability are very nice.
[Technical Indicators]
Since $FHE has just been listed on the exchange for a few days, I will conduct a technical analysis over a 1-hour timeframe.
Everyone can look at the following form chart:
Blue line: A relatively standard W double bottom pattern, rebounding after hitting the low point twice without breaking through.
Red line: Price line, which has dropped (0.078-0.049)=0.029, and the subsequent rebound's low point 0.079 did not break through 0.078, then it rose to around 0.119. This range has increased (0.119-0.078)=0.041, which is more than the drop range of 0.029, forming a composite standard W double bottom structure.
Yellow line: A relatively standard wave structure, emerging from the rebound range of the W double bottom pattern. Currently, it has completed five waves and is moving into a downward wave, with KDJ at a high point and the Bollinger Bands midline suppressing it.
Currently, it may fall back to around 0.079 as a support line, completing the last abc three waves of wave theory.
If it's spot trading, considering the prospects of the $FHE project, it is still worth buying. Additionally, if it gets listed on Binance later, it may further increase the price of FHE. So, personally, I give the following suggestions:
For spot trading, you can buy in lightly at 0.079, and if you're aggressive, you can buy at the current price directly. However, a 'mountain shape' may occur later. If combined with the MACD line staying underwater, it will form a 'mountain down' pattern, and you need to stop loss in time.
For contracts, I personally suggest entering lightly here. You can set the loss at 0.1 and see if you can take profits at 0.079.
Summary:
In terms of spot trading, I actually have a favorable view of the FHE technology. After all, it is end-to-end encryption, which significantly improves security compared to traditional methods. Even though it has high requirements for computational algorithms, both aspects will gradually be optimized in the future.
