Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.Īutomata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.Īutomata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Source : Why Has Fetch.ai (FET) Price Quadrupled This Month?Īutomata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions. You comply and understand that you should use any of this information at your own risk. A daily close above $0.30 would invalidate this bearish outlook.įor BeInCrypto’s latest crypto market analysis, click here.īeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. To conclude, despite positive Fetch.ai news, the most likely price outlook is a rejection at the $0.30 level followed by a downward movement toward $0.19 and $0.17. While the exact values depend on where FET tops, the closest support levels are likely at $0.19 and $0.17, created by the 0.382 and 0.5 Fib retracement support levels, respectively.Īs outlined prior, a daily close above the $0.30 resistance area would mean that the trend is still bullish, and the move will extend further. As a result, it is likely nearing its top, after which a considerable retracement is expected. Wave five has already extended 2.61 times the length of waves one and three combined. This aligns with the RSI and price action readings from the daily time frame. Therefore, it could begin a retracement soon. Source: TradingView Wave Count Warns of Incoming DropĪ closer look at the FET token price increase shows that it is in the fifth and final wave of an upward movement (red). Considerable downward movements often follow such divergences.Īs a result, the most likely Fetch.ai price forecast would be a rejection from the resistance area followed by a drop.įET/USD Daily Chart. This is because the indicator has generated bearish divergence (green line) inside overbought territory. However, the daily RSI warns of an impending drop. Therefore, a breakout above it could accelerate the rate of increase toward $0.50. Moreover, it is a horizontal resistance area, increasing its significance. The Fetch.ai price nearly reached the main resistance area at $0.30, which is the 0.5 Fib retracement resistance level of the entire drop. 17, which is an increase of 410% in 57 days. The upward movement led to a high of $0.28 on Jan. The FET price has increased rapidly since Nov. 16, the Bitrue exchange also listed FET on its futures platform. 13, Binance announced that it was launching FET/USDT futures on Binance, with up to 20x leverage. The Fetch.ai (FET) price could be nearing the top of its massive upward movement that has seen it soar by 410%.Ī number of news stories aided the price action.
0 Comments
Leave a Reply. |