The Trust Layer for Market Analysts

The analysis focuses on FET/USDT using the daily timeframe. The price is currently holding support. The analyst considers the move to the upside as a fifth wave within an ABC structure, doubting the full completion of the ABC pattern given Bitcoin's current state. An altcoin push could lead to a direct route upwards, negating the need for a separate ABC correction. Extended C-waves are also possible. The ideal target area for the C wave is around $1.55 to $2.94, with a potential upside target of $6.50+. There's no confirmed low in place, and the price could consolidate sideways for weeks. If the price goes below $0.43, the analyst predicts that the upside reversal attempt from the April low is failing. A break above $0.77 (mid-August high) would indicate a local low is in place, followed by monitoring the yellow trendline. The green line at $0.89 and the $1 level are also crucial.