Technical analysis holds more weight against fundamental analysis in determining short term FET price movements but it’s important to acknowledge upcoming events in the coming weeks and months. Researching what the Fetch.ai Team is doing in the next few months can help you determine whether or not an investment will be profitable after certain events, roadmap goals or milestones are met.
At the time of writing FET is worth around $0.05 USD and we think that price could reach somewhere around the $0.10 to $0.20 USD mark in the next few months.įundamental analysis should be a part of your analysis when creating your own Fetch.ai price prediction. Using support/resistance, trendlines, moving averages and simple indicators like the RSI, you can create a reasonably accurate Fetch.ai price prediction for 3, 6 and 12 months ahead of time. From this data you may be able to create your own FET price prediction and trade accordingly. Seeing as price has interacted with these marked areas many times in the past, Traders can use these areas in which to setup buy or sell orders depending on what they believe will happen. In the following chart we can see that price has had many interactions with the areas marked in yellow, specifically at points marked by green arrows. Predicting the price of FET can also be useful for determining sell targets if you’re already holding FET and wondering where to sell for the highest profit. Horizontal support levels can be identified by counting the amount of times a a price tests and bounces from a particular price on the way down. Horizontal resistance levels can be identified by counting the amount of times a price is tested and rejected on an attempt upwards.
Identifying levels of support and resistance are often all it takes to start creating a FET price prediction, at least in the short to mid-term.
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