The Trust Layer for Market Analysts

The analysis focuses on FET/USDT, identifying a five-wave sequence from April lows, suggesting a potential upward trend. The analyst notes similarities with other coins. An ABC correction is expected after the five waves. The coin reached the 61.8% Fibonacci retracement level at 51.7 cents, an ideal target for a B-wave pullback. An impulsive upside reaction, breaking above the green signal line at 69.7 cents, would signal a C-wave start with a target of $1.47, based on the A-wave length. A micro five-wave move above 69.8 cents is also a factor for the analyst to consider. A smaller support at 54.1 to 57.7 cents is also mentioned. The analyst says we need the next larger degree of the five waves.