FETCH to go parabolic after retest of local highs at $3.5
We have had several key things happen here which are supportive of a retest of previous highs at 3.5 and potential further expansion into the rest of the year.
First take profits were back in March after bullflag created only a minor new high at 3.5. Take profits occurred at $3.
Reinvestment occurred at 1.77 into the previous bull liquidity zone, unfortunately, this did correspond with the Iran/Israel strikes but that's when the market decided to provide those opportunitist fills. I follow my system and not my feelings but I dearly hope the situation improves in the middle east.
We now have new bullish confirmation, strong bullish price action on the retest of the previous downward trend line after breaking out on Saturday 20th April.
MACD bullish cross from below zero line whilst daily price is above 200 EMA. Merger upcoming on the 24-26th will spurr Wallstreet into action and bullish momentum leading into this event will create an explosion in price.
This project and the synergies created by the merger make it one of the top contenders to see exponential growth during this bull run. My prediction is that once retail truly understand the scope and potential here, we will see a market cap comparable to Doge during 2020 - 2021. Exp (70-80 Bn dollars market cap.)
However, as we know retail knows very little about crypto and simply follows the crowd. The memecoin price action confirms this to be true so patience is key here whilst the mid-IQ participants catch-up to the informed investors.
I intend to pay attention to the ongoing AI narrative, the sentiment around the US economy and DXY, whilst also continuing to look for opportunities to add to the existing position as we can expect significant volatility going forward.
Next year poses significant challenges, likely to see a moderate recession globally and given the 18 year housing cycle is due to close next year, there may lack potential to continue the bull run beyond 2024.
This is all opinion and speculation, none of this is to be taken as financial advice and I do not encourage crypto speculation and investment.
First take profits were back in March after bullflag created only a minor new high at 3.5. Take profits occurred at $3.
Reinvestment occurred at 1.77 into the previous bull liquidity zone, unfortunately, this did correspond with the Iran/Israel strikes but that's when the market decided to provide those opportunitist fills. I follow my system and not my feelings but I dearly hope the situation improves in the middle east.
We now have new bullish confirmation, strong bullish price action on the retest of the previous downward trend line after breaking out on Saturday 20th April.
MACD bullish cross from below zero line whilst daily price is above 200 EMA. Merger upcoming on the 24-26th will spurr Wallstreet into action and bullish momentum leading into this event will create an explosion in price.
This project and the synergies created by the merger make it one of the top contenders to see exponential growth during this bull run. My prediction is that once retail truly understand the scope and potential here, we will see a market cap comparable to Doge during 2020 - 2021. Exp (70-80 Bn dollars market cap.)
However, as we know retail knows very little about crypto and simply follows the crowd. The memecoin price action confirms this to be true so patience is key here whilst the mid-IQ participants catch-up to the informed investors.
I intend to pay attention to the ongoing AI narrative, the sentiment around the US economy and DXY, whilst also continuing to look for opportunities to add to the existing position as we can expect significant volatility going forward.
Next year poses significant challenges, likely to see a moderate recession globally and given the 18 year housing cycle is due to close next year, there may lack potential to continue the bull run beyond 2024.
This is all opinion and speculation, none of this is to be taken as financial advice and I do not encourage crypto speculation and investment.