FETCH.AI NEXT BIG MOVE!!!! FET PRICE PREDICTION & CRYPTO ANALYSIS!!!
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
📈 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.
🚀 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.
📊 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
💡Fetch AI
💡Market Cap
💡Resistance Level
💡Bollinger Bands
💡Volume
💡Consolidation
💡Breakout
💡Bear Market
💡Telegram Channel
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.
