FET (Fetch.ai) Market Analysis – May 13, 2025
Structure & Outlook:
FET is currently completing a potential Wave A to the upside, with early signs of a Wave B corrective pullback possibly starting. The larger structure suggests a bullish continuation after this pullback, with a longer-term C wave target around $6.20.
Key Observations:
A 5-wave move up from the April low (~$0.35) appears complete.
A corrective B wave pullback is likely next, with an ideal target between $0.422 – $0.626.
Wave A may still get a small push higher, but upside is limited below resistance.
Critical Levels:
Immediate Resistance: $0.849 – $0.898
Key Support Zone (B Wave): $0.422 – $0.626
Invalidation (Bearish Shift): Break below $0.35 (April low)
Trading Plan (Swing Position):
Entry Zone: $0.45 – $0.60 (inside B wave support)
Target 1 (Short-Term): $0.85
Target 2 (Mid-Term): $1.00
Target 3 (Macro): $6.20 (C wave extension)
Stop Loss: $0.34 (below April swing low)
Strategy Note:
The current retracement offers a high-risk/high-reward setup, but confirmation of support and bullish reaction is essential before entering. A break below $0.79 would signal the B wave is unfolding.
#Fetch_ai #MarketAnalysis #CryptoNews #MarketUpdate #trading
