A lot of similarities to the idea posted last December, where price action went up 1500% in 50 days. Not saying that is going to happen again. However the setup is remarkable similar. Which is:
On the above 2-day chart starting with the 1st purple circles:
1) leading up to the 1st purple circle price action crossed up the 200-day and 50-day EMAs before coming back to test the 200-day as support. Now look right.
2) Price action has recently corrected 50% to test the 0.786 golden ratio.
3) The Gaussian channel has just turned green as before, this is super bullish, on the same 2-day chart (below)
4) Lastly on the weekly chart (bottom) price action has broken out of a pennant formation. Currently price action is testing the 100-week (cyan line) as support. This support level is also past resistance, look left.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
1st target 9 cents as determined by the pennant extension.
Good luck!
WW
Gaussian channel
Weekly chart
Trade active
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Just looking up the daily chart (unsure why I dint before), price action has:
1) Corrected to an 18 month old trend line that has offered previous strong support.
2) Corrected to the golden ratio.
3) RSI resistance breakout.
4) is showing bullish divergence with 10 oscillators!
@Daniil_D7, Fun is not a scam .. unlike majority of coins this one has a relevant and well built product. Not all coins will be worth the same, but its still a profitable trading instrument.
DMC00
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I cancelled few months ago after learning token product was sold. Shame.
without_worries
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@DMC00, Wasn't aware of that - thanks for sharing. Thankfully not in this trade (hence the lack of updates!).
DMC00
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@without_worries, yeah only found out from their loyal discord community, sold to some Russian group. The founders kept their gaming property but just sold control of the token. They were going to stop using it anyway, too expensive on network costs and hard for the general public to comprehend or access to spend on their platform.
obaid_khan621
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Sir what about fun now??
without_worries
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@obaid_khan621, Nothing has changed. It has only been a little of 40 days. Be patient. I know it is hard and you're probably think of switch as other things take off. That instinct will be the same more price action rallies!
Same 2-day chart about but today. The set up remains the same. Just requires patience.