FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

[Music]
hello and welcome to another update
video about Fe Fe has like many other
coins reached a key resistance level um
could get one more High yeah even in the
white count which allows for one more
low but uh if it moves above
$267 which is a really a key resistance
level for the fourth wave as per the
white
scenario um then it is very likely that
the yellow count is getting in control
coming in control it’s it’s anyway you
know we we are looking at this chart
both counts are bullish one is
short-term bearish which is the wide
scenario but we would need to see some
weakness to really say that wave five
has started if wave five to the downside
in this current corre Direction has
started or is starting then ideally it
would be from here before breaking and
sustaining above $267 so even there
there’s a little bit of space um still
disregard really I mean the trend line
here is more like for fun we broke above
that trend line already okay so it looks
a little bit like a wedge pattern broke
above it consolidating above it but
still below Fibonacci resistance and I
shared with you in the last videos that
really to yeah confidently say that
we’ve bottomed in the fourth wave we
need obviously the um five waves to fill
in there but it could be that the entire
five wave structure will already be the
next uh fifth wave okay so we’ll see how
that where that takes us but the bottom
line is the orange support area was
there favorable to look for entry
positions if you did that you know if
you looked for an entry here if you
found an entry if you be bought here if
you accumulated there then all you need
to do now is to manage risk okay and um
the price did move up nicely from the
orange support region the next I think
it’s just important to be aware that in
this region there’s a high chance of
getting rejected but the potential
obviously is there that the third wave
takes the price to
$37 that’s the first ideal Target if we
consider the yellow count and then the
fifth wave should reach 335
those are first ideal targets ideally
they go actually higher and push the
price higher because my next larger
degree larger time frame Target is $4.72
so that’s what I’ve been highlighting
for the last few months really that we
should really see the price get there
eventually and I’m just watching now if
this um if these parameters are sort of
being respected from a strategic point
of view if there is another low it could
be another entry point okay if there is
another low it might Target
$158 or maybe even
$128 that’s here this area between the
50% and 38.2 retracement um that could
be another entry point below 128 there
isn’t really anything clearly or
directly bullish left and looking at the
move to the upside here in five
waves that could obviously take us to
yeah $3 and Beyond probably like $4 and
Beyond depending on the extensions
because even this third wave could way
could extend way higher than the first
ideal Target and therefore you know the
entry point was here if you found an
entry potential is there still for
Rising prices in wave five of C of three
if there is another dip it might be
another opportunity because then that
fifth wave here would be expected to
unfold a little later so let’s zoom out
a bit take a look at the structure
because this is just looking at the
micro patterns and yeah I mean higher
prices as per the yellow count possible
as long as we’re holding $185 that’s the
invalidation point but looking at the
bigger picture I mean this is s of the
long-term chart I have right so I’ve got
a wave one to the upside into the
February 23 highs wave two to the
downside that pull back into the August
lows the third wave is likely unfolding
right now and I’m tracking that as an
ABC structure in terms of larger degree
Targets this is sort of what we are what
we TR tracking here um it’s based on the
one and the two so wave one high yeah
that’s how we measure that to the wave
two low that’s where this low point is
sitting and that gives us some ideal
targets for example the first ideal
Target looking at the larger degree for
a third wave would be the $472 level um
can always extend higher right I mean a
third wave we know that could easily
extend to
631 or
840 so that gives us some potentials to
the upside anything above that would be
quite significantly extended but not
impossible and then we should still see
another wave four later which hasn’t
clearly started yet let’s first get the
wave three finished and then another
wave five okay which could then maybe
reach $12 plus depending on where the
third wave will go and that’s basically
the long-term chart I mean there’s not
anything more long-term
um because anything after that really
depends on whether we are still in the
bull market or not does make sensory to
look out any further and then yeah I
mean then there are some shorter time
frame targets so we can also measure
here the length of the Waves one to
three go to that low of the current
fourth wave which was here the low on
the 14th of April 13th of April and then
one of the relevant key levels to the
upside is $53 so that’s very close to
the 472 level and I think in this range
we could maybe see this next wave um
complete if it pushes higher than 631
and 8:40 are the next upside targets
yeah that’s my update about um f hope
you like the update if you did please
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additional content thanks a lot for
watching bye-bye

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FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

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