FUN BTC - mixed feelings. i think it has some upside, but any volatile move by BTC could force it lower from the little rising wedge down to the support level. If that happens, look for either a bounce or or break lower. Breaking the main support we currently have would not be a good sign. hope it bounces! would look for a chart with a better formation honestly -...
FunFair (FUNBTC) has been fair to use many times in the past, producing great results.
Now, this altcoin pair conquered the major level marked by MA200 or 0.00000035.
Price Action | What Happens Next?
First, we will see FUNBTC hit EMA300 (0.00000045)... Depending on how this level is handled, the next move will take form.
As soon as the above level is...
-The price has pullback to the previous breakout point
-It touches the 50D MA dynamic support, two important trendlines
-FUN needs to hold this level for the next 2-3 days
-If Bitcoin will start moving sideways
-This coin has the potential to recover and hit the 50 sat area
-Bearish side, a daily candle below ascending trendline will signal a downtrend
-Our team caught the breakout of this coin over 20% profit
-The price has retraced back to the average
-This area of confluence is important for the midterm action
-As it will decide how high the trend can go
-The 48-45 sat range was an area of resistance before
-But in the coming days will take the challenge to flip into new support
-I recommend buying...
FUN/BTC is forming an ascending triangle, which is a bullish pattern. You must wait to buy on the support of the channel or the breakout of it.
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FUN has been in accumulation for a long time, and now it's ready to explode.
The chart says it all, it's highly bullish and when takes off will be parabolic... Mapped for a high target!
THIS IS NOT A FINANCIAL ADVICE, PLEASE INVEST AT YOUR OWN RISK
FUNBTC nice breakout and retest on 4h
According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
FUN is on a sideways trend on the daily chart, but if forming lower highs.
We need to break this resistance on the 4-hour chart so that we can start to form a bullish structure
If we close above 44 sats on 4 hours chart is a bullish indication.
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Another altcoin project that can grow big is FunFair, we are looking at the FUNBTC pair for it.
In February, we saw a strong rejection of prices after EMA300 was challenged... The growth stalled.
Now, we see FUNBTC challenging this same level again but staying above it. This can lead to a strong jump.
FunFair is strongly bullish now.
FUN/BTC has been a bit bullish for a week or so, and now it bounced off the Daily Kijun ( Dark Blue line ). If it retracts to the Tenkan ( Yellow line ) and bounces again it would be a decent place to get in with a stop just under the Kijun.
With the first target at Horizontal 1 with 68% gain and a second less likely but possible target at Horizontal 2 with 155%...