FETCH.AI - FET/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	FETUSDT
ISIN:

FETCH.AI - FET/USDT - Weekly - Technical analysis published on 02/21/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.358400 USDT

My targets

0.504000 USDT (+19.06%)

0.603700 USDT (+42.62%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on FETCH.AI - FET/USDT. This is a positive signal for buyers. As long as the price remains above 0.358400 USDT, a purchase could be considered. The first bullish objective is located at 0.504000 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.603700 USDT as an objective. Crossing it would then enable buyers to target 0.819000 USDT. In the event of a return below 0.358400 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by domdufour. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FETCH.AI - FET/USDT price is 0.423300 USDT. Over 5 days, this instrument lost -10.56% and was traded between 0.410200 USDT and 0.501000 USDT over the period. The price is currently at +3.19% from its lowest point and -15.51% from its highest point.

0.410200

0.501000

0.423300

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FETCH.AI - FET/USDT:

Technical

A technical analysis in Weekly of this FETCH.AI - FET/USDT chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Weekly

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.186600	0.261000	0.358400	0.423300	0.504000	0.603700	0.819000
Change (%)	-55.92%	-38.34%	-15.33%	-	+19.06%	+42.62%	+93.48%
Change	-0.236700	-0.162300	-0.064900	-	+0.080700	+0.180400	+0.395700
Level	Intermediate	Intermediate	Intermediate	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.384433	0.395867	0.406633	0.418067	0.428833	0.440267	0.451033
Camarilla	0.411295	0.413330	0.415365	0.417400	0.419435	0.421470	0.423505
Woodie	0.384100	0.395700	0.406300	0.417900	0.428500	0.440100	0.450700
Fibonacci	0.395867	0.404347	0.409586	0.418067	0.426547	0.431786	0.440267

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.255733	0.311467	0.371833	0.427567	0.487933	0.543667	0.604033
Camarilla	0.400273	0.410915	0.421558	0.432200	0.442843	0.453485	0.464128
Woodie	0.258050	0.312625	0.374150	0.428725	0.490250	0.544825	0.606350
Fibonacci	0.311467	0.355817	0.383217	0.427567	0.471917	0.499317	0.543667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.070283	0.012953	0.144227	0.227463	0.358737	0.441973	0.573247
Camarilla	0.216510	0.236173	0.255837	0.275500	0.295163	0.314827	0.334490
Woodie	-0.046265	0.024963	0.168245	0.239473	0.382755	0.453983	0.597265
Fibonacci	0.012953	0.094896	0.145521	0.227463	0.309406	0.360031	0.441973

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	76.61
MACD (12,26,9):	0.0731
Directional Movement:	40.416667
AROON (14):	78.571429
DEMA (21):	0.307987
Parabolic SAR (0,02-0,02-0,2):	0.273923
Elder Ray (13):	0.172577
Super Trend (3,10):	0.250024
Zig ZAG (10):	0.435000
VORTEX (21):	1.2593
Stochastique (14,3,5):	66.39
TEMA (21):	0.403229
Williams %R (14):	-31.48
Chande Momentum Oscillator (20):	0.369400
Repulse (5,40,3):	3.9488
ROCnROLL:	1
TRIX (15,9):	3.3105
Courbe Coppock:	788.06

MA7:	0.431514
MA20:	0.416405
MA50:	0.302594
MA100:	0.190970
MAexp7:	0.355066
MAexp20:	0.236104
MAexp50:	0.219847
MAexp100:	0.246475
Price / MA7:	-1.90%
Price / MA20:	+1.66%
Price / MA50:	+39.89%
Price / MA100:	+121.66%
Price / MAexp7:	+19.22%
Price / MAexp20:	+79.29%
Price / MAexp50:	+92.54%
Price / MAexp100:	+71.74%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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