FunFair(FUN) is hitting its support from a long time. Also has macd divergence seen with the blue arrows. The price is still under the trendline(red), and there is a resistance(orange) close up if it does break the trendline.
I am currently not planning on buying, and will wait to see if it hits 200, which is the darker green line.
That point is another support, and is near the all-time low. I will update more once it gets near the darker green line.
Also, if it does manage to break out from there it will have more space to move, as the resistance will be higher up, and it can easily spike up.
Another likely situation is it breaks out near now, but doesn't have enough momentum and returns to the light green support(or back to the trendline).
That will also be a good situation to enter a trade in, but we should wait for now to see what occurs.
Don't place any orders yet, and wait for it to play out.
I am currently not planning on buying, and will wait to see if it hits 200, which is the darker green line.
That point is another support, and is near the all-time low. I will update more once it gets near the darker green line.
Also, if it does manage to break out from there it will have more space to move, as the resistance will be higher up, and it can easily spike up.
Another likely situation is it breaks out near now, but doesn't have enough momentum and returns to the light green support(or back to the trendline).
That will also be a good situation to enter a trade in, but we should wait for now to see what occurs.
Don't place any orders yet, and wait for it to play out.