Fetch appears to have completed a motif wave (1) with an ending diagonal after finding a bottom at the major support high volume node (HVN) macro wave 4.
Wave 2 has not retraced as deep as other alt coins showing strength in the move up. The downside target is just above the wave (1) swing high, the 0.618 Fibonacci Retracement.
Wave 3 should be a powerful move up taking price into all time high.
Failure to hold this support could see price heading back to fresh lows and testing the $0.35 HVN once more.
Safe trading
Wave 2 has not retraced as deep as other alt coins showing strength in the move up. The downside target is just above the wave (1) swing high, the 0.618 Fibonacci Retracement.
Wave 3 should be a powerful move up taking price into all time high.
Failure to hold this support could see price heading back to fresh lows and testing the $0.35 HVN once more.
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.