MichaelvandePoppe
Panjang

FunFair Trade Idea --> Falling Wedge, possible ATH soon?

BINANCE:FUNBTC   FunFair / Bitcoin
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             )
Nice analysis, well explained. I see you approach cryptocurrencies with conventional / classic TA tools, interesting.
+1 Balas
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