$FUN #FunFair - coming down for the next big bounce

BITFINEX:FUNBTC   FunFair / Bitcoin (calculated by TradingView)
Hello Lads and Ladies,

As it was requested today, I will be looking into FUNBTC . There were talks about a possible Cup and Handle forming, so lets take a look at it.

In the last few days FUNBTC has been taking some very nice gains and has bounced from the bottom support to the 38.2% fibs line and has even touched the 50%.
Now the question would be if this can continue? The answer is pretty easy - VERY unlikely will we see FUNBTC continue its rise from this point on.

Taking a look at the Bollinger Bands , we see it hitting the upper band, which mostly means that we will see at least a short retracement. Moreover, the distance between the chart and the middle of BB is quite big, which, after it crossed it, most likely will re test and with a high probability bounce from there.
This bounce from the middle of the BB would also be around the level of the 23.6% fibs line.
Moreover, the RSI is at a pretty high level of its history, indicating a higher probability to retrace.

The needed sequence right now is a retracement, from where we could easily continue the push.
This needed retracement, as already mentioned would be around 408 satoshi, should that not hold, we will most likely see a full retracement and hit 355 again, so it is important to keep the stop loss very close.
Nevertheless, a bounce might easily happen at the mentioned line of 408. This bounce then would push to at least the 50% line again, or it might even test the 61.8% fibs line. If the 61.8% resistance breaks, it will have a lot of space to continue the push to at least 540 from where I would update it again what is most likely to happen.

- BUY @408/0
- SELL @470 - @495 - @535
- StopLoss @390

Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.

Fell free to request TA for ANY coin you are interested in!!!

Cheers, Tomas

Get access to the FOMO Indicator:

Join our Discord under

Follow me on Twitter under


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out