#tiếp continue p2. #fetch.ai 🥵🥵🥵
Why could Fetch.ai (FET) face a major correction in April 2024?
😵💫Observing the history of FET prices over the past three years, every time the 1W peak divergence signal appeared, it was followed by a very strong decline from 70% to more than 90%.
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If this time the FET price also follows the past pattern, then the 80% decline could cause FET to drop to 0.7 USD - 0.8 USD. Regardless of whether this scenario happens or not, the above signals also agree that the price scenario is highly likely to adjust in April.
Technical observations of the daily frame point to important supports for FET🛣
Looking at the FET price line in the daily frame, it can be seen that since February 2024 until now, FET's uptrend of nearly 580% has completed 5 basic Elliot waves. And after 5 basic waves, there may be a correction wave.
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Technical analysis of day frame FET.
If a correction in April takes place, FET price may react well at the supports of 2.4 USD and 1.7 USD, equivalent to the EMA34 and EMA89 lines in the daily frame. These are also the price levels that showed a good reaction in the recent uptrend. If any investor continues to expect FET to continue to make a breakthrough in 2024, the above support areas are good opportunity areas to buy FET.
#còn continued p3.
