Looking at FUN:
Ascending triangle + accumulation pattern = bullish. Resistance of triangle corresponds with the 0.5 fib. If it does break out you can look for targets on the fib. I think It'll range between the 0.382 and 0.5 fibs before eventually breaking out. It has some events coming up soon and it hasn't risen in a while. MACD looks like it's recovering and last 'rise' was accompanied with a good amount of volume. And volume precedes price so I'm fairly certain another breakout is imminent. Looking to buy in soon. Always be careful for BTC though so put tight stop losses.
If you like my analysis consider following me on twitter! www.twitter.com/cryptoniter
Ascending triangle + accumulation pattern = bullish. Resistance of triangle corresponds with the 0.5 fib. If it does break out you can look for targets on the fib. I think It'll range between the 0.382 and 0.5 fibs before eventually breaking out. It has some events coming up soon and it hasn't risen in a while. MACD looks like it's recovering and last 'rise' was accompanied with a good amount of volume. And volume precedes price so I'm fairly certain another breakout is imminent. Looking to buy in soon. Always be careful for BTC though so put tight stop losses.
If you like my analysis consider following me on twitter! www.twitter.com/cryptoniter
Kommentera:
BTC making every trade shite - gonna chill with charting alts until I see a good opportunity