FUN - Daily - "Ready For A Sneak Attack"Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) Currently outside of a symmetrical triangle; in the process of attempting to regain the support line.
2.) Its playing between fibs at the moment. A close and hold above the 2.618 fib could signal a move to the next fib layers.
3.) Social activity is signaling a silent increase in interest.
4.) Estimated date for something to happen is around 4/10.
➡️Fundamental Standpoint⬅️
1.) +$400 mil market cap
2.) Consistent on their development and community updates.
➡️Current Season⬅️
- Altseason
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//////Indicator Legacy/Meaning//////
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✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ Major Resistance Line( MRL ): is the color fuchsia.
✨ Major Support Line(MSL): is the color aqua.
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
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///🎉🎉🎉Before You Go🎉🎉🎉///
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FUNUSDT.P trade ideas
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********************************************CHECK MY LATEST ANALYSIS DOWN BELOW********************************************
FUNUSDT 4H is finishing formation of descending triangleFUNUSDT 4H is reaching a tip of formation triangle.
Although Descending Triangle often leads to Breakthrough Down, in current case RSI is entering +50 zone, which can mark a beginning of an uptrend.
BUY ZONE: 0.038-0.042
STOP LOSS: 0.036-0.033
NEXT RESISTANCES: 0.0465, 0.051/0.055-0.058
POTENTIAL: Repetition of Previous 0.005 to 0.057 Surge, so 0.04 to 0.4
Happy Trading
FUNUSDT - Consolidation with potential symm triangle break upTo keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = bullish (HH, HL), but consolidating currently, potentially showing reversal signs
Notes:
- As with every other alt, clear uptrend
- Volume has completely died out after the initial pump tho
- Last swing high retraced around 4H support level, upward breaks not successful
- Symmetric triangle currently forming
- Affected by BTC pump, could dump further to deeper 4H support level
Ideas:
- Personally see no clear trade currently
- If the symm. triangle holds the breakout could be traded, with volume that could retest ATH/price discovery
- Expecting it to consolidate over the weekend with BTC acting up, will revist later