There is a possibility for the beginning of an uptrend in FUNETHTechnical analysis:
. FUNFAIR/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00005860 to 0.00005040). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00005860)
Ending of entry zone (0.00005040)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000664
TP2= @ 0.0000711
TP3= @ 0.0000792
TP4= @ 0.0000845
TP5= @ 0.0000897
TP6= @ 0.0001340
TP7= Free
Funfair
FunFair wait for BreakoutFunFair(FUN) is hitting its support from a long time. Also has macd divergence seen with the blue arrows. The price is still under the trendline(red), and there is a resistance(orange) close up if it does break the trendline.
I am currently not planning on buying, and will wait to see if it hits 200, which is the darker green line.
That point is another support, and is near the all-time low. I will update more once it gets near the darker green line.
Also, if it does manage to break out from there it will have more space to move, as the resistance will be higher up, and it can easily spike up.
Another likely situation is it breaks out near now, but doesn't have enough momentum and returns to the light green support(or back to the trendline).
That will also be a good situation to enter a trade in, but we should wait for now to see what occurs.
Don't place any orders yet, and wait for it to play out.
FunFair 175% Profits OpportunityFunFair is one of Top100 crypto's listed on "coinmarketcap". Its a gaming token which have seen a lot of improvements since the beginning of the project and is looking for a very good potential growth in the end of 2018 and there after. Since the May downward trend of the overall crypto market, FUN never showed a good bounce back except some good engulfing candle sticks in the end of June and beginning of July. It seems it is almost done on having a falling wedge shape both on the long run and short term chart flows. If it can rebounce from the currenct support zone around 309 sats we might see a good rally and even a successful 5 elliot waves if Volume and RSI showed good entry behaviors. It might take couple of days to correct and stay on the consolidation but once we see the breakout we will have a good opportunity upto 175% profits in the short to Mid term investment outcomes and even huge gains are excpected if trades this token for the longer term upto 3X-4X profit gains.
Buy Zone : 300 sats - 330 sats
StopLoss : 280 sats / 246 sats
Possible Targets
Target 1 : 388 sats
Target 2 : 437 sats
Target 3 : 477 sats
Target 4 : 517 sats
Target 5 : 573 sats
Long Term Targets
Target 6 : 645 sats
Target 7 : 853 sats
Target 8 : 1189 sats
Good Luck.
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DIGITAL ALPHA HODL, FUNFAIR - Time to place your betIf you don't know FunFair: coindigo.io
Man I love this stuff...hope you enjoy!
Fundamentals:
How popular is online mobile app gaming?
Zynga's Poker had 6.5m daily users in 2012. This was the latest stat I could find. It is said this app still has millions of users daily...and that was in 2012. More people have access to smartphones than ever before. When discussing a utlity token's success, the economy surrounding the token is paramount. For FunFair, we need to figure out how much of an economy might occurr around the token. Therefore, knowing how many people might be using the token would seem like a good place to start. Also, seeing the revenue generated from a top app would be helpful as well. From Zynga's 2011 Annual Report, revenue from Zynga Poker in 2011 was $159.8m. Translate that into token usage and we are already putting a $0.03 price tag on each FunFair token ($160m / FunFair circulating supply 5B). Yes, this is assuming Zynga keeps all $160m in FunFair and does not sell the token, but keep in mind this is just revenue. This is not taking into account the amount of tokens being held by a user, by a speculator, or by the company itself. Now, if each user has $10 in their account and never loses any money (a user on a top 50 game between 345-54 years old during a 6 month period spends $87.68-145.28 for in app purchases - stat from NPD Group)...and we ONLY look at Zynga's Texas Hold'em with 10 million monthly users, that is $100m in the FunFair token economy. Many will say to me that whales and speculators will drive the price down, but I will say, so what. When you start to have users buying the token daily, cashing in daily, the 'bottom' will be much higher in price than a whale can drive it down.
Now, we are all new to setting a value to a crypto token, and I'm beginning to consider modeling utility tokens for my subscribers, so I'm open to any suggestions out there...and I figure FunFair is a good token to begin figuring this out for. So let's attempt to figure the potential FunFair has within the $45.86B (2017) online gambling market.
Let us get CRAZY conservative and say FunFair is a flop with 5million users across ALL FunFair's games (keep in mind Zynga can use FunFair's technology), each user has an average of $10 in their account, the company holds 25% of their revenue (say revenue was $10m across ALL games) in the token, and speculators are not involved at all. This means the FunFair economy is worth a whopping $52.5m, 50% of the current market cap of FunFair ($117m as of this writing). Not bad. CRAZY conservative you would be looking at $0.01 per token (current price is just over $0.02). If we get optimistic and boost those numbers to 100million users (candy crush topped out at 350m monthly for perspective), each user has $50 in their account, and revenue is boosted to $250m (still 25% in the token)...we now are looking at an economy of over $5B...$1 a token. That might be the far end of the spectrum. However, not all users will be holding $150 simultaneously, FunFair might never be part of a top 50 app, and companies using FunFair might not ever keep their tokens in FunFair. So this is difficult to place guesstimates on.
Technicals:
Market sentiment is bearish so we can expect alt prices to drop. When FunFair has historically broken the uptrend (white support line) that forms during a small bump up in volume, we fall to the next support. If this pattern hold we will be looking at price between 0.0000034 and 0.0000030. Even if price drops more from here - very likely since volume is still dropping, this would still be a good entry. On the flip side MACD and Stoch RSI are getting ready for an uptrend - historically price has risen during these movements. Again, this is a HODL call, not a quick pick.
Have a great weekend, thank you for reading! Please comment on how I can improve my analysis on a utility token like FunFair.
DA BULL
$FUN #FunFair - coming down for the next big bounceHello Lads and Ladies,
As it was requested today, I will be looking into FUNBTC. There were talks about a possible Cup and Handle forming, so lets take a look at it.
In the last few days FUNBTC has been taking some very nice gains and has bounced from the bottom support to the 38.2% fibs line and has even touched the 50%.
Now the question would be if this can continue? The answer is pretty easy - VERY unlikely will we see FUNBTC continue its rise from this point on.
Taking a look at the Bollinger Bands, we see it hitting the upper band, which mostly means that we will see at least a short retracement. Moreover, the distance between the chart and the middle of BB is quite big, which, after it crossed it, most likely will re test and with a high probability bounce from there.
This bounce from the middle of the BB would also be around the level of the 23.6% fibs line.
Moreover, the RSI is at a pretty high level of its history, indicating a higher probability to retrace.
The needed sequence right now is a retracement, from where we could easily continue the push.
This needed retracement, as already mentioned would be around 408 satoshi, should that not hold, we will most likely see a full retracement and hit 355 again, so it is important to keep the stop loss very close.
Nevertheless, a bounce might easily happen at the mentioned line of 408. This bounce then would push to at least the 50% line again, or it might even test the 61.8% fibs line. If the 61.8% resistance breaks, it will have a lot of space to continue the push to at least 540 from where I would update it again what is most likely to happen.
IN NUMBERS
- BUY @408/0
- SELL @470 - @495 - @535
- StopLoss @390
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Daily Long Squeeze on FunFairGreen lines are current support and red lines current resistance, if a red level is gained it becomes support and vice versa. Red boxes are main targets. Trade SAFU!
FunFairAfter Complete a beautifull Bat, this is just the beginning.
Educational Only
If you like my ideas, please hit Like, leave a comment, share them and follow me for more!!
GoodTrade
-CJ-
FunFair Bear Flag Formation After Recent BreakoutFUN broke out today and is up +25% this is quite a massive spike in price and I can see a correction coming soon.
Wait until Bear Flag is confirmed by breaking downward through upward support line. If Bearish movement is confirmed place sell order.
FunFair Might be at the BottomIn May, FunFair broke below the ascending channel that has resulting in further decline. Overall, price went from $0.06 down to $0.027 in just one month, loosing 55% to the USD.
Fibonacci applied to the corrective wave up, after the ascending channel breakout shows, that 227.2% retracement level is the nearest support for FUN/USD. Today, FunFair has tested the support as well as the lower trendline of the descending channel.
This support area could be the are of interest for buyers, that might potentially reverse the trend to the upside. Now it is a little too early to talk about the uptrend with confidence, but if the downtrend trendline is broken, the probability of trend reversal will become much more probable. On the other hand, if FunFair will break below the support, the downtrend continuation might take place.
Is time to have some FUN !!!A very wild Alt-Shark has been Hunted!!!!!!
Is about time !!!!
We must have some FUN NOW!!!
.382
.618
.786
1
GOGO!!
-CJ-
FUN squeezing?FUN was a beast when BTC was dropping.. it Looks like $FUN is squeezing. I hope It breaks out upwards.. any FUN holders here? thoughts and inputs would be greatly appreciated. :)
FunFair (FUN): solid level to start a rally in JunePrice at support level
Positive newsflow in June expected
Candidate for doubling in June
FunFair- Huge upside potential to go 2300-3500 satsNothing much to see. Funfair with huge upside potential if it sticks onto the channel.
FA-
coinmarketcal.com
Funfair (FUN/BTC) ABCDE correction over, more downside expected The price of Funfair has been in an upward channel and is currently in an ABCDE triangle, below the end of the Fibonacci retracement level 0. The E wave ends on the upside, so I am expecting the price to fall back down to the channels support line, where it will find new support.
FunFair: H&S Fail.. New Target at 6,9 cents. Flash 35% gain.H&S Failure:
Target: Width between Head and neckline over Top of Right Shoulder.
GOGOGOGO!
After this.. FUN is ging to blow the sky!
This is not a trade advice.
-CJ-
FunFair: H&S Fail.. New Target at 726. Flash 30% gain.H&S Failure:
Target: Width between Head and neckline over Top of Right Shoulder.
GOGOGOGO!
After this.. FUN is ging to blow the sky!
This is not a trade advice.
-CJ-