FETCH.AI NEXT BIG MOVE!!!! FET PRICE PREDICTION & CRYPTO ANALYSIS!!!

The Late Adopter
8 Mar 202413:20

TLDRIn this video, the host addresses a comment about the lack of analysis in a previous video, emphasizing that the key to technical analysis is not just drawing lines and arrows, but knowing where to place them. The host simplifies the concept by discussing indicators, moving averages, and volume, and applies this to the Fetch AI coin, suggesting it has potential for significant growth. The video also touches on the importance of understanding market consolidation, volume, and the probability of market movements, all while maintaining a lighthearted tone with a joke about a mechanic and a car.

Takeaways

  • 🔍 The importance of understanding where to draw lines and arrows in technical analysis, not just the act of drawing them.
  • 🚗 A humorous analogy is made comparing the cost of technical analysis to a mechanic knowing where to hit a car to fix it.
  • 📈 The speaker simplifies technical analysis for viewers who may not understand it, focusing on the basics.
  • 📊 The analysis involves various indicators, moving averages, volume, and other tools like Bollinger Bands.
  • 🔢 The speaker does not go into the entire analysis but provides a simplified view with arrows and lines for easier understanding.
  • 🚀 The speaker discusses the potential for Fetch AI (FET) to continue its upward trend, despite already significant gains.
  • 📊 The market cap of FET is mentioned, suggesting room for growth to a $4 billion valuation.
  • 📈 The speaker identifies a bullish trend in FET, breaking a bearish channel and moving towards an upside breakout.
  • 📉 The volume analysis suggests that selling pressure is decreasing, which could lead to a continuation of the upward trend.
  • 📊 The speaker mentions the possibility of a 100% move towards the upside, with FET potentially reaching $5.5.
  • 🔗 The speaker encourages viewers to join their community for more in-depth technical analysis and live streams.

Q & A

  • What was the main point of the comment mentioned in the video?

    -The main point of the comment was that the video lacked analysis, as it only showed someone drawing lines and arrows without any explanation.

  • What is the key to technical analysis according to the video?

    -The key to technical analysis is not just joining lines and arrows, but knowing where to draw them to make informed predictions.

  • What is the joke told in the video about a mechanic and a car?

    -The joke is about a girl whose car broke down. She took it to a mechanic who, after inspecting it and hitting it with a hammer, got it to start. The mechanic charged her $105, explaining that it was $5 to hit the car with a hammer and $100 to know where to hit it.

  • What does the speaker mean when they say 'analysis is a lot deeper than it goes'?

    -The speaker means that while the final output of technical analysis might seem simple, like just a few lines and arrows, the process involves a complex set of indicators, moving averages, volume analysis, and other factors.

  • What is the speaker's approach to explaining technical analysis in the video?

    -The speaker aims to simplify technical analysis as much as possible, focusing on the basics and using visual aids like arrows and lines to make it easier for viewers to understand.

  • What is the significance of the 50x resistance level mentioned in the video?

    -The 50x resistance level is a significant milestone for the price of the cryptocurrency being discussed. It represents a point where the price has increased by 50 times from its lowest point, and it's a level at which sellers might take profits, potentially causing a pullback or consolidation.

  • How does the speaker describe the current market for AI coins?

    -The speaker describes the current market for AI coins as extremely heated, suggesting that it's a popular and potentially profitable space for investment.

  • What is the speaker's prediction for the price of Fetch AI (FET) based on the video?

    -The speaker predicts that Fetch AI (FET) could potentially double in price from its current level, reaching a target of around $5.5, based on the technical analysis and the bullish signs observed.

  • What does the speaker suggest about the importance of volume in technical analysis?

    -The speaker suggests that volume is a crucial indicator in technical analysis. A decrease in volume during consolidation periods often indicates that the selling pressure is diminishing, which could lead to a breakout and a continuation of the upward trend.

  • What are the three types of consolidations mentioned in the video?

    -The three types of consolidations mentioned are sideways consolidation, upwards consolidation, and downwards consolidation. These patterns can all indicate a period of price stability before the next significant price movement.

Outlines

00:00

📈 Introduction to Technical Analysis

The speaker addresses a comment about the lack of analysis in a previous video, explaining that the trick in technical analysis is not just drawing lines and arrows, but knowing where to draw them. They use a joke about a mechanic to illustrate the value of knowing where to act. The speaker emphasizes that while they won't go into the entire analysis process, they do perform in-depth analysis using various indicators and tools. They aim to simplify the information for viewers and provide basic insights into the market.

05:01

🚀 Fetch AI's Market Performance

The speaker discusses the significant increase in Fetch AI's value, highlighting a 50x return from the bottom. They compare this to the broader market and speculate on the potential for further growth, suggesting that Fetch AI could reach $5.5 or even higher. The speaker explains that while they can't predict the exact future, the analysis suggests a bullish trend. They also mention the importance of market cap and how it indicates potential for growth.

10:02

📊 Analyzing Market Trends and Consolidation

The speaker delves into the technical analysis of Fetch AI, discussing the bullish trend and the breaking of a bearish channel. They explain the concept of consolidation and how it can manifest in different ways, emphasizing that the current consolidation pattern is very bullish. The speaker also talks about the importance of volume in determining the direction of the market and how the decreasing volume suggests a potential breakout towards the upside.

Mindmap

Keywords

💡Technical Analysis

Technical analysis is a method used to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. In the video, the speaker simplifies technical analysis for viewers, emphasizing that it's not just about drawing lines and arrows, but understanding where to draw them based on various indicators and market data.

💡Fetch AI

Fetch AI is a cryptocurrency and a decentralized digital infrastructure for artificial intelligence applications. The video discusses the potential of Fetch AI's market performance, with the speaker analyzing its price movements and market cap.

💡Market Cap

Market capitalization, or market cap, is the total dollar market value of a company's or asset's outstanding shares of stock or tokens. It is calculated by multiplying a company's shares outstanding by the current market price of one share. In the context of the video, the speaker uses market cap to assess the potential growth of Fetch AI.

💡Resistance Level

In technical analysis, a resistance level is a price level at which an asset's price tends to stop rising and start falling. It is a level where selling interest is expected to be strong enough to prevent the price from rising further. The video discusses resistance levels as part of the analysis of Fetch AI's price movements.

💡Bollinger Bands

Bollinger Bands are a statistical charting technique used in technical analysis to measure volatility and potential trading opportunities. They consist of a moving average and two standard deviation lines plotted at a set distance from the moving average. In the video, Bollinger Bands are mentioned as one of the tools used in the technical analysis of cryptocurrencies.

💡Volume

Volume in the context of financial markets refers to the number of shares, contracts, or other instruments traded in a security or market during a given period. It is often used as an indicator of market activity and can help in predicting price movements. The video emphasizes the importance of volume in technical analysis.

💡Consolidation

Consolidation in technical analysis refers to a period of time when an asset's price moves within a defined range, typically after a significant price movement. This period is often seen as a time for the market to digest recent price action and can lead to a continuation of the previous trend or a reversal. The video describes consolidation as a bullish sign for Fetch AI.

💡Breakout

A breakout in technical analysis occurs when the price of an asset moves outside of a trading range or pattern, often leading to a continuation of the trend. Breakouts can be bullish (upward) or bearish (downward) and are closely watched by traders for potential trading opportunities. In the video, the speaker anticipates a bullish breakout for Fetch AI.

💡Bear Market

A bear market is characterized by a general decline in prices or a negative investor sentiment. It is the opposite of a bull market, where prices are rising. The video mentions that the speaker's channel does not focus on the overall market trend but rather on specific analysis of assets like Fetch AI.

💡Telegram Channel

A Telegram Channel is a feature of the Telegram messaging app that allows users to broadcast messages to an unlimited number of subscribers. In the context of the video, the speaker promotes their Telegram Channel as a platform for sharing more detailed technical analysis and live updates.

Highlights

The importance of understanding where to draw lines and arrows in technical analysis, not just joining them.

The analogy of a mechanic knowing where to hit a car to fix it, emphasizing the value of knowing where to focus analysis.

The speaker's approach to simplifying technical analysis for viewers who are new to the concept.

The use of various indicators, moving averages, and volume analysis in technical analysis.

The concept of resistance levels and how they are determined in technical analysis.

The speaker's belief that technical analysis is about probability and making educated guesses.

The current market position of Fetch AI and its potential for growth, with a market cap of two billion.

The potential for Fetch AI to reach a 100% increase in market cap, based on the speaker's analysis.

The breaking of a bearish channel towards the upside, indicating a bullish trend for Fetch AI.

The significance of volume decreasing during a downtrend, suggesting a potential reversal.

The speaker's explanation of consolidation patterns and their bullish implications.

The potential for Fetch AI to reach $5.5, doubling its value from the current level.

The comparison of Fetch AI's growth potential with other cryptocurrencies like Dogecoin and Bitcoin.

The speaker's emphasis on the importance of technical analysis in predicting future market movements.

The mention of a Telegram channel and YouTube live streams for further analysis and discussion.

The speaker's invitation for viewers to join the TA (Technical Analysis) Fans Club Community for more in-depth analysis.

The speaker's closing thoughts on the bullish outlook for Fetch AI and the AI coin space.