Fun-fair (FUN) - BTC on Bittrex

After the run-up till 8.1.2018 FUN has started with correction where possible support has been found (tested 2x 0.00000818) @ arround 50% fibb level on raise or 23.60% on pull back. While today we have experienced already some movement it is also possible that correction has not been yet completely executed (Conclusion based on TA indicators). It needs to be however noted also that there are 2 events coming up quite soon (check pink notes for explanation) therefore movement today could be logical.

TA indicators:
Stoch RSi- returning back to the channel from oversold channel
Macd: Started to turning up however still hasn't touched the 0
RSI: Starting to turn upwards from the middle of the channel.

While Stoch RSI is in the optimal levels for trend reversal...Macd and Rsi are still giving a chance for pull back down into the predicted buying zone (blue circle or worst case scenario green quadrant).

Possible gains with news:
Short-term (60% confident on target): It is possible that the spike will happen in next few days due to two approaching events which could lead the price up to tests historical high, or at least to 78,60 Fibb level on pull back. 50-70% gain expected.
Mid-term (80% confident on target): By the end of March there will be official public beta release. Given the current price per coin (FUN) and strength of the news (if they deliver) I am expecting that the price will hit top of the middle channel at least representing 160% gain (red arrow path).If another pull back to bottom of the outer channel happens (Blue arrows path), than we could see gains up to 200%.
the rest of the % which were excluded on confidence level are due to the not knowing what the hell BTC will do.

happy trading.

p.s. anyone has any opinion or thought share it in comment sections...More ideas better gains ad bigger knowledge base :)

Comment:

Approaching first buy zone (end of correctional wave C-Blue circle) if we get bounce...everything is possible on short term. Otherwise down to green zone. Hope for upcoming events to make some moves

Stoch RSI starting to get into the channel,
MACD: Curving upwards
RSI:Curving upwards

Comment:

RSI turning up
MACD turning up

Approaching blue zone...soon we go up

Comment:

Unpredictable events / news caused to touch the support channel a bit before the blue circle already. So far it holds nicely.
what is to be expected is that there might be some sort of spike due the tomorrows ICE gaming event.After that If we do not go up straight away to 78.6% fibb level mostlikelly we will see pull back down to green zone and bounce from the channel where the real run will start.

soon the truth will be written on white page.

BRG Animus

Comment:

FUN just got through the support where breakout was expected (Short term price goals - Red arrow). Still we are on the road to the mid-term goal with 80% confidence level if we can hold the path of the blue arrow.
At the same time currently sits on top of the green box (optimal buy zone). If we want to see trend reversal a bouncein a range between 0.000006 - 0.0000065 (stop loss at 0.0000049) needs to be clearly established with the break of the downtrend. Bounce can be also expected from the bottom of the channel (lowest diagonal black line) in a period of 10-15 days.

I will make update on BAT on smaller time frames soon

Comment:

Blue arrow it is than

Comment:

FUN getting delisted on February 9th, 2018:

Order cancelled:

Sitting on the bottom channel...mostlikelly it will drop out due to the BTC movment. Ill close this one due to the delisting and BTC unpredictable road. Watch for spikes still in FUN before delisting is done.

BRG

Order cancelled

Trade active:

I Took a risk and opened the trade after the bounce was confirmed on Hourly. targeted goals are somewhere between 0.00000771 - 0.00000922 - 0.00001. Lets see how it plays out

Comment:

1st and 2nd target reached. Quite big parabolic growth so expeect correction... still 2 days left till it will be de-listed. Expect 720-780 target pull back and than off we go through 1 up to 1200-1300.

brg

Trade closed: target reached:

Sold coins @ 0.00000922 still some profit which is better than nothing.

Hope you enjoyed.

BRG