- First let’s start with the candlesticks. On the 10 Sept. week, marked purple, we have a hammer candle, followed by a high volume inverted hammer on the 1 Oct. week. These are both reversal signals when they show up at the bottom of a trend. - You can see the red down trendline, which is no longer holding the price. - The brown line is where FUNBTC found support, it coincides with late 2017 prices before the bull run. - MACD bullish crossover with changing volume (red to green) and RSI is sitting on the lows, sellers are exhausted. - Still trading below EMA10, FUN is getting ready to move in a matter of weeks or days. - Let’s get started with a profitable trade. This is a solid altcoin that has generated good profits for us in the past.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.