The analysis focuses on Fetch.AI (FET) using Elliott Wave theory on a long-term chart. The analyst suggests the market may still see a fifth wave to the upside. Despite the bearish sentiment, Q4 might change this, as November is typically bullish for altcoins. Currently, the market hasn't found support within the Fibonacci zone (0.585-0.432). The analyst monitors for a reversal signal. The analyst discusses October's bitcoin dominance and the potential effect on altcoins and analyzes the Relative Strength Index, noting that a micro five-wave move to the upside from a meaningful low would signal a price reversal.