220% for Fet in 50
2024-09-11

Fet's looking to lead the AI charge in the coming weeks we have :

Reverse Head & Shoulders:
	•	We’ve got a clean Reverse Head & Shoulders pattern in play, which signals a strong bullish reversal. The base sits just above 1.00 USDT, and we’ve already seen a breakout confirmed at 1.309 USDT. This setup is often the precursor to a significant upward move.

Price Targets:
	•	First target sits at 2.032 USDT, a solid 58% gain from the breakout point.
	•	Beyond that, we’re looking at a long-term target of 4.180 USDT, marking a 220% potential increase. This target aligns with the projected upper channel, showing a clear path if bullish momentum continues.

Volume & Momentum:
	•	Volume is backing up the move—strong buying pressure is evident with a notable increase in green volume bars.
	•	The momentum indicators (likely MACD) are also bullish, reinforcing the strength of the breakout. This suggests there’s still room for the trend to run further.

Historical Reference:
	•	On the right side of the chart, there’s a past pattern with similar price action. After consolidating for 45 days, the price moved sharply higher. While past performance isn’t a guarantee, it’s definitely worth noting the similarities.

Strategy:
	•	For those looking to enter, a re-test around 1.309 USDT (now support) offers a solid entry point.
	•	A break above 2.032 USDT could ignite further momentum, potentially driving price toward 4.180 USDT in the coming weeks or months. Watch for sustained volume and bullish momentum to confirm the trend.

Summary: Fetch.AI is setting up for a strong move, with a clear bullish pattern and solid upside targets. If momentum continues, the next few weeks could see substantial gains. This is a trend worth watching closely.