Fetch.ai (Binance: FETBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, FET began a wave one advance on October 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 8, and the red wave two (blue sub-waves a-b-c) correction ended on December 15. If this wave count is correct, FET should be heading next towards the December 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Fetch.ai is a decentralized digital world in which useful economic activity can take place. They will launch the main-net in two days.
(Sources: https://fetch.ai/)
How Will Fetch.ai Trade?
Fetch.ai (Binance: FETBTC) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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