Panjang
Fun in a Decision Point
FUN is in a DP, Starting to look bullish just like the Crypto Market rn. Is testing a strong support (Previous resistance + 0.786 FIB) and is approaching to the end of the falling wedge . On Daily, RSI is showing a small bullish div and StochRSI is starting to turn around on the oversold area.
On the 4H Chart we can see the same divs + a strong CMF -0.09% sell pressure that didn't made a lower low (indicating strong support).
The strong line of the wedge + the 50EMA 4H (red EMA ) are acting as strong resistance, so for a nice breakout it should close above that (around 455 sats ) with good volume (always confirm with Volume) and retest successfully because as you can see it already had 2 false breakouts.
Targets are the nexts FIBS 0.618 and 0.5 because as you can see, FUN really like go to the Fibs levels.
In case of a breakdown, the next supports are around 340 sats 4.89% and 260 sats 4.89% (previous resistance).
Happy trading :)
On the 4H Chart we can see the same divs + a strong CMF -0.09% sell pressure that didn't made a lower low (indicating strong support).
The strong line of the wedge + the 50EMA 4H (red EMA ) are acting as strong resistance, so for a nice breakout it should close above that (around 455 sats ) with good volume (always confirm with Volume) and retest successfully because as you can see it already had 2 false breakouts.
Targets are the nexts FIBS 0.618 and 0.5 because as you can see, FUN really like go to the Fibs levels.
In case of a breakdown, the next supports are around 340 sats 4.89% and 260 sats 4.89% (previous resistance).
Happy trading :)
Nota
Here the 4H Chart
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.