Funfair / Funtoken - fractal

A lot of similarities to the idea posted last December, where price action went up 1500% in 50 days. Not saying that is going to happen again. However the setup is remarkable similar. Which is:

On the above 2-day chart starting with the 1st purple circles:

1) leading up to the 1st purple circle price action crossed up the 200-day and 50-day EMAs before coming back to test the 200-day as support. Now look right.

2) Price action has recently corrected 50% to test the 0.786 golden ratio.

3) The Gaussian channel has just turned green as before, this is super bullish, on the same 2-day chart (below)

4) Lastly on the weekly chart (bottom) price action has broken out of a pennant formation. Currently price action is testing the 100-week (cyan line) as support. This support level is also past resistance, look left.

Is it possible price action falls further? Sure.

Is it probable? Unlikely.

1st target 9 cents as determined by the pennant extension.

Good luck!

WW

Gaussian channel

Weekly chart

액티브 트레이드:

Just looking up the daily chart (unsure why I dint before), price action has:

1) Corrected to an 18 month old trend line that has offered previous strong support.

2) Corrected to the golden ratio.

3) RSI resistance breakout.

4) is showing bullish divergence with 10 oscillators!

액티브 트레이드:

3.5 cents first resistance test

주문취소됨