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...
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.
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.