FunFair Trade Idea --> Falling Wedge, possible ATH soon?
Funfair Analysis
Let's just put it on Tradingview
Let's place the arguments together:
- Retraced all the way back towards the 0.786-0.886 fibonacci zone from the run up.
- Currently fighting the RSI downtrend and possibly breaking it.
- MACD is about to make the cross and has been in a downtrend for a very long time.
- ABCDE of the falling wedge is done.
Negative updates:
- Couldn't break resistance.
- Not breaking RSI 50 for a clear bullish indicator.
I've added this one to the watchlist, as I'm swing and/or daytrading this one. Targets? Little hard. But I'd say this:
Target 1: 800 sats
Target 2: 1000 sats
Target 3: 1200+ sats (might be ATH)
Let's just put it on Tradingview
Let's place the arguments together:
- Retraced all the way back towards the 0.786-0.886 fibonacci zone from the run up.
- Currently fighting the RSI downtrend and possibly breaking it.
- MACD is about to make the cross and has been in a downtrend for a very long time.
- ABCDE of the falling wedge is done.
Negative updates:
- Couldn't break resistance.
- Not breaking RSI 50 for a clear bullish indicator.
I've added this one to the watchlist, as I'm swing and/or daytrading this one. Targets? Little hard. But I'd say this:
Target 1: 800 sats
Target 2: 1000 sats
Target 3: 1200+ sats (might be ATH)
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