Pair : #FUN / #BTC
RSI : 48
Note : Fun is still in a downtrend channel which is formed since April and tried to make a reversal move when most of the alt coins showed a good reversal move in mid May. For now it is still not confirmed to be in a bullish trend but if it can hold that area of the 50% fib level we might see a good pump by...
And only with micros for this time, just for educational purpose :) I didn't set order yet, will see how it will open on Monday.
On small scale, pair was rejected at 0.382 and is heading south. It broke 0.236 arc level, which could be good entry point. SL at 80 pips away should give it enough room to breath, if it won't just flush. Profit taking should be at next...
If it passes over the POC, WTCBTC should at least hit 0.02 satoshis. All it needs is buy volume to bring it up; considering the reason for its drop compared to its project, I am bullish but I have set a stop loss at 0.0017.
The ascending speed resistance fan line along with the Fibonacci arc intersect with the 23.60% Fibonacci retracement line, and $btc made a nice pullback if you can see the wick under all the stupid lines I put on the chart.
It is possible that the falling wedge is going to break out soon, since the OBV Shadow indicator along with volume show huge sell volume...
NNA has solid fundamentals, but obviously that's not enough these days to mean much in short term trading.
Dailys are showing solid bull set up with the indicators. Hourly indicators are a bit mixed.
Daily Fib-arc, Bullish Gartley, pitchfork, and pitchfan are showing gradual-immediate bull. I'm in, are you?
I'm seeing a set up for a bull run.
Trend lines have been upward slanted the last few months and is still be tested (currently we are on/around the median).
Fibonacci resistance/support lines are being tested too.
I'm thinking either in pre-hours, or early hours after opening the price very well might fall due to exterior motives (SPY tanking); but I don't...
Strong conformance to long-term Andrew's pitchfork. Lower screen indicators are not peaking, with the macd below zero; cci looks like its moving up towards 100; all signs of some bull movement.
Have a strongly confirmed trend-based fib extension, fib retracement, and fib arc.
Signs that this isn't longer-term bull market: (besides global news and markets) price...
Price action is conforming to theories on pitchforks, Fibonacci arcs and retractment. All this plus lower indicators are all spelling out immediate action in the next few days to consolidate after that last jump.