The analysis focuses on Fetch.AI (FET) on a 1-hour timeframe. The current price is observed at 0.2927. The primary expectation is for a continuation of the bullish trend, with a target price projected at 0.355. The invalidation level for this bullish outlook is set at 0.26. A break below this level would invalidate the expected upward movement, suggesting a potential shift in the market structure. The presenter expresses concern about the possibility of a triangle pattern forming, which could lead to a less straightforward upward trajectory or even a failure of the expected five-wave move. However, the current setup is viewed as conducive to further upside, with key support identified around 0.27 to 0.263. A significant break above 0.313 would reinforce the bullish sentiment.