Chart as described.
FUN recently broke out of a descending wedge continuation pattern.
As of this moment, FUN is now re-testing the point of breakout for support.
The RSI is showing continuous higher lows and higher highs.
MACD has broken the zero line for the first time since late September, but is nearing a bearish cross.
Price has not technically touched the .786 yet, indicating the 'last stand' for the bulls.
If support holds, I expect a very high volume move upwards to at least the take profit 1 target on the chart.
Pretty easy swing trade, let's see if it pans out.
PS- on the chart, "sell all" was meant to be 90%. Oops xD
FUN recently broke out of a descending wedge continuation pattern.
As of this moment, FUN is now re-testing the point of breakout for support.
The RSI is showing continuous higher lows and higher highs.
MACD has broken the zero line for the first time since late September, but is nearing a bearish cross.
Price has not technically touched the .786 yet, indicating the 'last stand' for the bulls.
If support holds, I expect a very high volume move upwards to at least the take profit 1 target on the chart.
Pretty easy swing trade, let's see if it pans out.
PS- on the chart, "sell all" was meant to be 90%. Oops xD
Trade fechado: stop atingido
Bitcoin f*ckery decided to stop this trade out.
Still STRONGLY believe this coin is going to re-test resistance.
We'll see!