This is a final buy for FUNBTC after this, consider this token done. There has been a lot of buzz from this pair and they announce a big project in the metaverse as well as in the casino industry.
I've been looking at the momentum of this pair and see very little demand but so much potential once people start to hear what this project can do.
We are now going to be looking at 5 Altcoins that can start to grow fast and strong.
We focus on the smaller capitalized one.
FUNBTC is now moving above EMA50, closed yesterday above this level, while gaining in bullish momentum.
The trading volume is just starting to come in and the indicators look strong.
Just as prices go down (left side), they can move...
Based on my analysis, It looks as though funfair token is about to turn bullish, as can be seen in the attached photogtaph.
Fun/btc has begun to form an ascending triangle which in most cases is a bullish pattern.
This pattern has been forming since the correction back in february and it would be more likely to play out if we can break above the 21 weekly ema...
Here we have a pair that is already moving strong, that is FUNBTC (FunFair).
Notice that growth is happening as soon as its price managed to close and stay above EMA100 for just a few days.
The RSI is not at 79 which is super strong.
The MACD is on the bullish soon with room available for additional growth.
The volume is still low showing that the action is...
FUNBTC is a long-term buy from my point of view and please let me explain why....
when this token first came out in 2017 it traded at .000007 BTC and the highest for this pair was .000137.. all that happened within a month.
it tried to get back up but it was trapped in sales, since August 2019 till now it has been playing around .00000020 - .00000075, now what...
TA continuation (check link below)
Its getting funnier every day.
Resistance at 90sats is getting tested several times.
Oneday it will break and boom.
Just wait and see. Patience!!!
Hopefully 200sats by mid-end of May.
In 2018 this coin reached over 1200sats.
In TA circles. They say the long the range the higher the expansion? FUNBTC has been range bound for 749days. When it breaks out of the range it will be spectacular.
Food for thought.
You can buy the breakout out the range or you can layer bids and enter all the way down to invalidation. This is a swing play. could take quite a while to play out and it hinges on...
This is what I see:
In daily time frame, FUN seems to keep forming a text-book Elliot Triangle Wave ABCDE inside massive pennant, where each of the legs has the ABC correction form.
Rarely we see more perfect.
CHOP index accumulating.
Wait until it bounces at E for further confirmation.
Hope this insight helps.
* Price action trapped in a broadening rising wedge, which is one of the most telling pattern formations
* 50 EMA crossed over 200 EMA in 4H TF
* 100 EMA just about to cross 200 EMA in 4H TF
* Chop index heavily charged
In this is not the recipe for a big pump, then I don't know what is.