FET (Fetch.ai) – Wyckoff Distribution Analysis
The price action of Fetch.ai is currently following the previously published analysis (April 20).
A Wyckoff Distribution structure has formed at the top, and the breakdown confirmation was triggered with a daily close below 0.20.
Current Scenario:
The breakdown below 0.20 confirms continuation of the bearish phase.
Price is now trading in the markdown structure.
Targets:
First target: 0.1739
Main target: 0.1525
Invalidation / Failure condition:
A sustained reclaim and close back above the distribution range would invalidate the bearish structure.
Note: This is a technical analysis only and not financial advice.