FUNBTC SHORT PROFITBuy Price: Green zone
Profit: Targets on the chart
Support: ( -0.618 FIBO Line )
SL: 163 sats ( -0.618 FIBO Line )
Invest Suggestion: 20 Percent
Profit Expectations: - 4,5 - 9 - 13,5 Percent
Just hold and watch. All targets will be reached in a few days.
Sell when you got some profit, according to your way of trade.
I am sure, you will be get nice profit. Good Luck!
FUN is extremaly oversold, it's close to the historical low and is in down!!!! Sooner the EMA's will cross each other and we will have a growth confirmed!
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Funbtcshort
$FUN #FunFair - coming down for the next big bounceHello Lads and Ladies,
As it was requested today, I will be looking into FUNBTC. There were talks about a possible Cup and Handle forming, so lets take a look at it.
In the last few days FUNBTC has been taking some very nice gains and has bounced from the bottom support to the 38.2% fibs line and has even touched the 50%.
Now the question would be if this can continue? The answer is pretty easy - VERY unlikely will we see FUNBTC continue its rise from this point on.
Taking a look at the Bollinger Bands, we see it hitting the upper band, which mostly means that we will see at least a short retracement. Moreover, the distance between the chart and the middle of BB is quite big, which, after it crossed it, most likely will re test and with a high probability bounce from there.
This bounce from the middle of the BB would also be around the level of the 23.6% fibs line.
Moreover, the RSI is at a pretty high level of its history, indicating a higher probability to retrace.
The needed sequence right now is a retracement, from where we could easily continue the push.
This needed retracement, as already mentioned would be around 408 satoshi, should that not hold, we will most likely see a full retracement and hit 355 again, so it is important to keep the stop loss very close.
Nevertheless, a bounce might easily happen at the mentioned line of 408. This bounce then would push to at least the 50% line again, or it might even test the 61.8% fibs line. If the 61.8% resistance breaks, it will have a lot of space to continue the push to at least 540 from where I would update it again what is most likely to happen.
IN NUMBERS
- BUY @408/0
- SELL @470 - @495 - @535
- StopLoss @390
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