Crypto Contest June 7: Fetch

Fetch (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, Fetch began a wave one advance on May 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on May 27. If this wave count is correct, Fetch should be heading next towards the May 21 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Fetch brings together machine learning, artificial intelligence, multi-agent systems and decentralized ledger technology to create an economic internet. You can watch

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.