Fetch AI (FET) Market Analysis & Trade Plan
FET has shown a strong reaction from its key support zone this week, respecting Fibonacci levels and indicating bullish momentum. According to Elliott Wave structure, we are currently tracking a potential 5-wave move upward from the April lows. However, confirmation will only strengthen once we clearly surpass $0.795 (April 27th high). As long as the support levels hold, the bullish scenario remains valid.
Trade Setup:
Entry Zone:
$0.72–$0.73 (current consolidation)
Aggressive buy zone on any dip to $0.657–$0.708 (B-wave support area)
Targets:
Target 1: $0.78 (near-term resistance)
Target 2: $0.80
Target 3 (ideal wave 5 top): $0.92
Stop Loss:
Close below $0.70 (break of key support and invalidation of the bullish count)
Notes:
A push above $0.795 will solidify the bullish outlook and open the path toward $0.92.
Watch for potential B-wave dip. If price dips into $0.657–$0.708 and shows weak momentum, it can offer a strong buy opportunity before another rally.
Break below $0.70 would shift focus to lower levels and suggest deeper correction.
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