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 :)
Comment:
Here the 4H Chart
