The Trust Layer for Market Analysts

The analysis focuses on Fetch.AI (FETUSD) and its recent price action. Following a liquidation event, the price tested a lower support area. A previous idea of a five-wave move up from the April low was invalidated. The speaker notes that a third wave was too short to be reliable, and the fourth wave was too deep. The initial support was at 43 cents, and the price briefly fell below this level before recovering. A key signal line for a bullish reversal is identified at $1.00. The speaker mentions that the structure shows that the price hit bull market support and needs to surpass that level to see an uptrend. The speaker points out that the selling volume started around $0.48, which needs to be overcome to the next level and finally reach $1.00. Finally, the importance of observing potential microstructures developing over the weekend is discussed. The analysis does not use volume, RSI, MACD and just Elliot Wave Theory.