The Trust Layer for Market Analysts

The analysis focuses on Fetch.ai (FET) using a four-hour timeframe chart. It identifies a five-wave move up from the April low. Consolidating as an ABCDE pattern. The presenter considers relevant the previous swing low at 0.603, and indicates that as long as the price holds above this point, the triangle pattern could extend. However, a break below 0.603 opens the door to a deeper correction, which could turn into a WXY pattern. An ideal target area for a correction is between 0.516 and 0.49, while break below 0.43 invalidates the bullish outlook. The bigger picture, the presenter notes, that we need a move above 0.89 and then 0.99, and finally above 1.55 for confirmation of bottom, with 1.55 as final target.