FUN
$FUN UPDATE$FUN sitting a little above a solid support. Love the project, just waiting for Casinos to open. Beta just went live. They're attending Consensus and holding meetings but they will not have a large presence. Its a LT hodl for me. Decent spot to accumulate but maybe more bang for your buck with sponsors eating up the limelight next week.
FUN/BTC - Beautiful Bull Flag on 4 hour chart almost completeFUN/BTC is completing a nice Bull Flag on the 4 hour chart. Notice the beautiful falling wedge pattern that is almost complete. If we tag the length of the flag pole we can project the next target to be 707 sats. Also note that the histogram shows sellers are running out of steam and bulls will soon regain momentum up. And lastly, the RSI levels have cooled off allowing for another nice move up.
Recent News:
In last 24 hours FunFair was endorsed by Kyle Samani (Managing Partner of Multicoin Capital) as it relates to online gambling. He shared his thoughts on FunFair while speaking with Tim Draper and Jimmy Song. You can hear Kyle speak about his thoughts on FunFair and blockchain in this video posted yesterday:
www.youtube.com
FunFair just opened up applications for their closed beta and they are expected to go live with their first casino operator by end of June assuming beta goes well. They will be holding an AMA tomorrow with the engineering team to answer any questions from the community.
Related Links:
Website: funfair.io
Demo Casino Games: showcase.funfair.io
Signup for Beta Details: www.reddit.com
My longer term analysis for FUN:
FUN - BUY SIGNAL Broken out of the long term wedge, formed ascending wedge and broken up from there.
Some very strong fundamentals due before the end of June - coinmarketcal.com
FUN
BUY: 620-630
Short term targets:
679
755
840
Mid term targets:
1050
1450
Huge move up for FunFair (Casino Gaming Platform on Ethereum)FunFair's chart appears to be repeating history. Using the 4 EMA lines we've already had 3 of the 4 lines cross over and the slowest moving EMA is just about to happen (gray line crossing over the brown line). We also just had one of the highest days of volume in the history of trading. Expect a nice ride-up from here to the all time high.
Recent News:
FunFair just opened up applications for their closed beta and they are expected to go live with their first casino operator by end of June assuming beta goes well. They will be holding an AMA tomorrow with the engineering team to answer any questions from the community.
Links:
Website: funfair.io
Demo Casino Games: showcase.funfair.io
Signup for Beta Details: www.reddit.com
Alt Season is Back and FUN is looking to make the next leg UP!Ideal Entry is between cyan lines
Green Boxes are Take Profit Areas
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This will be added onto my Tradingview results spreadsheet once it has been given time to move (usually 1 week)
Currently about ~90% of my signals reach their targets
Please feel free to take a look, Links with proof provided for every signal.
docs.google.com
[FUN/BTC] "FunFair" %350++ profit potential!!Chart says it all.
SELL Targets are Fib levels.
With Gambling License and a bunch of other big announcements coming this june, expect a spike in price!
Patience is the key;
You wait,
you WIN!
FUN - 120% upsideIt is bottomed, making a pennant pattern right now. Risk and Reward ratio is ideal.
One of my Favorite Alt-Coins - FunFairI got asked what my favorite Altcoin is. Right now it's FunFair. While AlanMaster's has posted on this, I have been in this for longer than that and I do have a heavy position in it for full disclaimer.
I don't know what you have heard about it but FunFair ultimately aims to be the technology behind Casino's, not a casino themselves. While they are certainly going to have a casino that operates, that's not their end game. Which makes the potential of Funfair massive. Technically it looks pretty close to BTC, doesn't it? Hmmm... But for me, this is more fundamental and here's why:
1. There is no hype around it.
This is important. When I hear too much hype about a coin it can be concerning. I have had a couple brief chats with the CEO Jez on telegram and they aren't about hyping it. They are about running a BUSINESS. Most of all the other coins out there are based on hopes, unicorns and dreams. You know the crap I am talking about it. Funfair has a bloody business model and lots of reserves to run it.
2. The team is Solid.
Check it out, a freakin army working for them - funfair.io
Jez also has been running gaming companies since the 80's. He's got the experience to make it work.
3. Gambling license
Other coins have gotten easy licenses in locations that anyone can get *cough* edgeless *cough*. Funfair is playing with the BIG BOYS. They have had operating licenses in the past. They currently have a license pending with the UK. If that goes through, we are mooning. Want to track that? Check it -https://secure.gamblingcommission.gov.uk/PublicRegister/Search/Detail/51321
And look what Edgless did when they got their license. What do you think funfair is going to do if they get licensed in the UK?
These are the reasons I am comfortable holding it through dips or any market turmoil, which we might get again. But the main reason is I feel like I am investing in a legitimate BUSINESS, not hype, not fantasies, but something that has already been established. IF they get that license approved they will start moving and quick. this will be a 10 bagger if not much much more. If you have some money to forget about and throw at it, I would. If we get another dip it would be a GREAT buying opportunity and great trading opp.
Happy hodling,
-Sherem
FUN: Correction the breakout.FUN has to finish the downward diagonal then its ready for the breakout. With there be little volume off the bounce form the 200 ema and more volume form this red candle it shows strength towards the down side. We also have not had a correction for about a weeks’ time. The blue represents a key support. I’m thinking Fun will setup a bear trap right there and with the 200 ema fooling everyone to short then it will explode after it similar to the yellow circled area.
BTC still heading up to $10k - corrected EWGot some good advice from other users here on TV and made some corrections to my chart, although my idea of the Elliot Wave forecast remains intact. I've extended the Fib levels to get a better forecast for Wave 3 and 5 and used the linear regression tool to more accurately show the uptrend channel.
Although my charting is novice, I still believe the markets to be bullish in the long term. Short term corrections and consolidations are necessary for long term gains. It appears that we are in a consolidation period with a bull flag on this first wave. It should break loose before Friday ends (here in the States).
Have a great Day!
FUN/BTC bullish scenarioHere is a potential bullish scenario for FUN. Keep an eye on BTC cause it could cause changes.
FUN - Buy Opportunity - 48% ROI - 7.3:1 Risk/RewardReasons to buy using a STOP-LIMIT order:
1. Valid break-out pattern with a clear consolidation zone
2. Consolidation occurring at the upper trend line of the larger break out pattern
3. Increase in volume prior to break out
4. High return on investment (48%) with massive 7.3:1 risk/reward
Enjoy.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
FUN/BTC potentially setting up for a 165% move up!FUN/BTC looks to be repeating the same MA cross it made on 12/17 where the EMA 50 just crossed above the MA 200 line. Potential for 165% move up to reach the previous all time high.
Massive Cup with Handle to 2.5k Meme-ality.* IMPROBABLE BUT FUNNY*
This is a crazy idea for a massive cup with handle. High volume on the extremities and low volume throughout the 'cup'. A TON of assumptions made to make a handle on the cup and a ridiculous projection on the possible breakdown form that handle point puts us at 2.5k. When plotting this I thought it was too funny to find a possible path to the 2.5k meme often spouted on WP.
FUN: Cup and HandleIf this cup and handle plays out on FUN with the bullish news of partnering with Spike Games and their full-beta launch just around the corner we could see an uptick here.
I'm shooting for the .618 fib extension level if this plays out and indicators such as being above the Ichi cloud lend credence to this theory.
Trade safe happy and never risk more than you are willing to lose!
Cheers,
Enoch87
The Weekly Report: LTC Lawnmower PatternSo, this look at LTC I am adding a little flavor. I view LTC as the working class coin in crypto. It is undervalued, essential, and by gosh good looking.
While BTC has it's lambo washed, LTC is forming its own new chart pattern. This is a double bottom folks on the weekly and I think we will be seeing a spike in the coming months.
Not advice, just my opinon.
