HiTech
Long

FunFair VS Bitcoin Signs of an Uptrend

BITTREX:FUNBTC   FunFair / Bitcoin
After reaching an all-time high, hitting 1400 satoshi on the 8th of January, Funfair corrected down to 500 satoshi where previous support was established. At the same time price has rejected the uptrend trendline , and although it seems that it went below, daily closing price remains above it.

While the 500 satoshi support and the uptrend trendline has been rejected, the RSI oscillator has formed a bullish divergence suggesting trend reversal. FUN/BTC then broke above the 200 Moving average and the downtrend trendline .

Currently, FunFair has corrected slightly down and traded at 670 satoshi, but the price remains very attractive as there are signs of an uptrend in place. Price could grow up to 1770 satoshi, that is 141.4% Fibonacci retracement of the corrective wave from the all-time high.
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ok i'm in
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Used to be one of my favorite coins to trade before the downtrend, solid background on it. Definitely seems like it's ready to make another move up
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thankfully it had found support very nearly,panic selling was due to Bittrex delisting this coin.
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HiTech rapidbtc
@rapidbtc, selling was due to bitcoin profit fixing i think
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rapidbtc HiTech
@HiTech, usual funda :D
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