Pair: FUN/BTC
Exchange: Binance
Trade Duration: Long
Risk: Moderate
Introduction
Funfair (FUN) has slipped below all time lows on Binance through 2018 and now sits just above 100 satoshis on the brink of a breakout. We think that Funfair may be about to start a new market cycle in 2019.
Technical Analysis
- Double Bottom (1D)
- Nearing Breakout From Descending Triangle
- Accumulating For Some Time
- Record Volume (Late 2018)
Fundamental Analysis
- Active During Bear Market
- Working Product
Our Entry Zone
0.00000110 - 0.00000125
Our Targets
1: 0.00000188
2: 0.00000245
3: 0.00000370
4: 0.00000575
5: 0.00001180
Our Stop Loss: 0.00000100
If you liked this analysis, hit that like button and give us a follow!
Have a great day,
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Exchange: Binance
Trade Duration: Long
Risk: Moderate
Introduction
Funfair (FUN) has slipped below all time lows on Binance through 2018 and now sits just above 100 satoshis on the brink of a breakout. We think that Funfair may be about to start a new market cycle in 2019.
Technical Analysis
- Double Bottom (1D)
- Nearing Breakout From Descending Triangle
- Accumulating For Some Time
- Record Volume (Late 2018)
Fundamental Analysis
- Active During Bear Market
- Working Product
Our Entry Zone
0.00000110 - 0.00000125
Our Targets
1: 0.00000188
2: 0.00000245
3: 0.00000370
4: 0.00000575
5: 0.00001180
Our Stop Loss: 0.00000100
If you liked this analysis, hit that like button and give us a follow!
Have a great day,
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Comment:
Lovely formation on the 1D chart (double bottom + triangle)
