ArtificialSuperintelligenceAlliance
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Fetch.ai (FET) Faces Potential Decline Along with Profit Rise. 🟢🔛🟥
Fetch.ai (FET) faces a potential decline despite its recent profit surge. The rise in profitability might trigger selling pressure, potentially pushing the price down to $1. This is due to a significant portion of the circulating supply turning profitable, which historically leads to profit-taking in the market.
While the upcoming launch of the ASI token through the Artificial Superintelligence Alliance is promising, it also opens FET up to profit-taking. The current price is attempting to hold the $1.40 level as support. If this support fails, FET could drop to $1.20 or even $1. However, if it holds, FET could bounce back towards $1.70.
Investors should keep an eye on key support levels and market behavior as the launch of the ASI token approaches. Navigating these dynamics will be crucial for making informed investment decisions.
#ASI #ASILAUNCH #FET #ASIAlliance #ArtificialSuperintelligenceAlliance
Fetch.ai (FET) faces a potential decline despite its recent profit surge. The rise in profitability might trigger selling pressure, potentially pushing the price down to $1. This is due to a significant portion of the circulating supply turning profitable, which historically leads to profit-taking in the market.
While the upcoming launch of the ASI token through the Artificial Superintelligence Alliance is promising, it also opens FET up to profit-taking. The current price is attempting to hold the $1.40 level as support. If this support fails, FET could drop to $1.20 or even $1. However, if it holds, FET could bounce back towards $1.70.
Investors should keep an eye on key support levels and market behavior as the launch of the ASI token approaches. Navigating these dynamics will be crucial for making informed investment decisions.
#ASI #ASILAUNCH #FET #ASIAlliance #ArtificialSuperintelligenceAlliance
FETUSD on the Channel Up bottom. Buy opportunity.
The Artificial Superintelligence Alliance (FETUSD) has been trading within a Channel Up since the August 05 bottom. The price is currently at the bottom of the Channel Up and around the 1D MA50 (blue trend-line), where the last Higher Low was priced (September 06).
The proper Support is offered by the 1D MA100 (green trend-line), marginally below. This price action appears to be an attempt to form the new bottom, but since the previous two Bullish Legs were confirmed upon a 1D MACD Bullish Cross, you may wait for such confirmation.
The Target is at least 2.000 (proportional % rise compared to the previous Bullish Legs. Since however the 1D MA200 (orange trend-line) provided the last rejection on the September 25 Higher High and is essentially holding as Resistance since June 27, you may wait until this breaks (candle closing above it) and then commit to a long. Trade based on your risk appetite.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#FETUSD #FetchAI #ArtificialSuperintelligenceAlliance #signals #Cryptosignals
The proper Support is offered by the 1D MA100 (green trend-line), marginally below. This price action appears to be an attempt to form the new bottom, but since the previous two Bullish Legs were confirmed upon a 1D MACD Bullish Cross, you may wait for such confirmation.
The Target is at least 2.000 (proportional % rise compared to the previous Bullish Legs. Since however the 1D MA200 (orange trend-line) provided the last rejection on the September 25 Higher High and is essentially holding as Resistance since June 27, you may wait until this breaks (candle closing above it) and then commit to a long. Trade based on your risk appetite.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#FETUSD #FetchAI #ArtificialSuperintelligenceAlliance #signals #Cryptosignals
