Image Source: Pexels
Cryptocurrency Fetch.AI with ticker FETUSD has been very strong in the last couple of months and seems like it’s unfolding a five-wave bullish impulse away from the lows.
If we take a closer look in the 4-hour chart, we can see it slowing down in a corrective a-b-c fashion, which belongs to a higher degree wave 4 correction. Wave 4 correction can be actually already completed at projected 0.30 support level, so wave 5 could be underway towards 1.0 area that can be reached within a new five-wave bullish cycle of the lower degree.
(Click on image to enlarge)
More By This Author:
CADJPY Update: CADJPY Has Unfolded A Bearish Impulse
Energies Coming Lower, But Into Support Zone
Elliott Wave: JPY Bulls Ready To Reverse?
Comments
Log in or sign up to join the conversation.