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Fetch.ai is developing a platform to enable the development of an AI-empowered decentralized digital economy.
Fetch.ai is made up of four key layers: AI Agents, Agentverse, AI Engine, and Fetch network.
Agents are programs that can make choices on their own for individuals, companies, and devices. Agents are the actors and the heart of the Fetch.ai ecosystem.
The Agentverse is a Software as a Service (SaaS) platform built primarily for creating and registering Agents solutions.
DeltaV is a chat interface that acts as a link between users and registered agents in the Agentverse.
The AI Engine is at the heart of DeltaV's functionalities; the AI Engine's aim is to parse, comprehend, and link human input to agents by facilitating natural language interactions.
The Fetch.ai network serves as the foundation of Fetch.ai's entire ecosystem, underpinning and empowering the functionalities of Agents, the Agentverse, DeltaV, and the AI Engine.
FETCHUSD surged more than 100% in the past three weeks. It holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a high of $3.18 and is currently trading around $3.115.
The bullish invalidation can happen if the pair closes below $0.50. On the lower side, the near-term support is $1.20. Any break below targets $1/$0.70. Any breach below $0.70 targets $0.50.
The pair's near-term resistance is around $1.57. Any breach above confirms minor bullishness. A jump to $2/$2.70/$3/$3.50 is possible. A surge past $3.50 will take it to $5.
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It is good to buy on dips around $1.20 with SL around $0.70 for TP of $3.
