So let me be frank. This coin *could* die. I've been watching it off and on for the past year, including its Reddit section. Price action and indicators however, are telling me a very different story. This coin is being *pushed* off the edge, purposely, by an entity with deep pockets OR a huge huge supply of FUN. Make you wonder about anyone? You're probably selling right into them. You're *fearful.* That's the POINT. This is not the time to sell. This is the time to take a ***chance***. "The point of maximum financial opportunity."
What do you think will happen WHEN the normies suddenly find out they can get far better odds by going ONLINE, rather than going to a brick and mortar Casino? Not having to go ANYWHERE? I believe this coin *could* potentially be 'the' coin. The hidden gem of Crypto. FUN is down 98% against BTC from its all time high. It has never once had a significant bounce since falling from it. Why? From a straight up R:R standpoint, yes, the coin could die. What if it's just being suppressed though, like all of Crypto? The one very very solid piece of advice I have ever heard, if ever there was one; "News doesn't make the price. The price makes the news."
Right now very few people would argue about FUN's capability. They have a whopping 7-10 worldwide users at any given time. Compare that stat to the stats of say, Tron, or Ethereum, etc. where the numbers, at least in my opinion, are completely fabricated and bragged about. The adoption level for ALL of Crypto, not just FUN, isn't great. What if that changes in the future? As a gambler myself, I really am not a fan of house odds. There's a famous phrase in a good movie I like to quote from time to time; "Because the house always wins. Play long enough, you never change the stakes, the house takes you. Unless, when that perfect hand comes along, you bet big, and then you take the house."
Right now Bitcoin is having its time in the spotlight. That will probably change later this year. What do you think will happen to alts IF Bitcoin tanks? Especially if from a new ATH? (Which I really don't see happening btw.) Hint: compare what happened to alts shortly after Bitcoin started to retrace from its ATH. It will be glorious.
Technically, FUN is already in the middle of a breakout. Do you see it though? Cause I do. Lil bit more pain first though while Bitcoin hits new highs.
3D RSI:
4H RSI showing a support line:
OBV Indicator on the 4H showing this to be the strongest flux of volume in a WHILE:
3M, interesting find: The buy volume in the tiny 3M bull candle that happened at the beginning of the year has over twice the volume of the much larger bearish one thereafter.
Is it time to sell, or time to buy? Get ready for the real alt season boys and gals.
@mikewall, Nope. I've actually made the decision to walk away from trading. Though, I can say with extreme confidence that I feel like this coin is a hidden gem and anywhere you buy in the current area is a strong entry for medium to longer term. But that's just my opinion.
Gl
Zenter
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nice analysis and article dude. What do you think of my Idea? @MC_Peewee
Je_Buurman
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Juli 16/17
droppped to 27 sats
At current price one would need less than $ 20 milion to corner the market on FUN
That's how and why these small coins are abused for "pump and dumps" .. 'too easy'
Make_Money_Guru_Bitcoin
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plz cheak my share idea on tradingviwe
Make_Money_Guru_Bitcoin
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good job
cryptorich
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LOL. I hope you sold !
deactivatedaccount123
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@cryptorich, Why would I sell when the analysis clearly shows 16-26 sats as my potential buy-in point?
TROLLS BE GONE