FunFair (FUN). The first time I researched this coin I really liked the fact that they have a very active development team and strong product. Once it took off last year, the earnings were surprising and nice to collect.
Now, FunFair is preparing for the launch of their new 3D party client and the charts are getting ready for a new bull run. This coin is breaking out just now, which is great news as we can join early and profit high.
We are in the accumulation phase. Profitable traders, whales and those that are going to be making big money soon have been loading up for the past month. Here we need momentum and have a few barriers to break before FUN really takes off, but we are already looking ready to start making money on this coin.
FunFair (FUN) Trade Analysis by Alan Masters
##### CHARTS, SIGNALS & INDICATORS
Let's look at the chart closer today, here is the 4 hours chart:
- The red square is the bottom from where FunFair bounced and started to go up. - Notice how the price remained below the SMA200 line (brown), until the 11th March when it broke out and remained trading above it. - The SMA20 (green) and SMA50 (blue) lines were trending low, but now they are curving upward and crossing the SMA200 line. These are bullish signals. - The daily and weekly charts are looking pretty good. With my indicators trending bullish and showing plenty of room for growth. - Relatively low volume allows for good room for growth.
Let's take a quick look at the daily chart... Just for FUN: FunFair (FUN) Cryptocurrency Altcoin Trade Analysis by Alan Masters
Trade strategy: Buy & hold until we start to hit our targets. If Bitcoin goes down hard and the alts crash another time before going up, don't panic, just wait it out and later we start to go up again.
##### Message: A New Beginning
It is now, the moment that I was waiting to be in.
It is now, that I open, my eyes, to see.
We are in it... Now... To enjoy, every way we can.
It is now, the moment...
A New Beginning starts today!!!
Namaste.
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This coin is trying hard to breakout!!!
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FunFair (FUN) is on a small retrace now.
Feel free to buy-in, re-buy and reload.
Once you buy in, hold LONG.
Namaste.
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We are trending up nicely...
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FunFair (FUN), just like last time, it is taking its time to run. As usual, we are more than happy to wait. Because we know that, PATIENCES IS THE KEY!
FunFair trying to breakout. We are shy above the EMA50 line, which tends to work as a great support. The first step is to remain above it, gain momentum and start our ride up.
Please allow some time for this trade to develop.
Namaste.
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FUN Still needs more time. Remember that we are positining ourselves way in advance of the next Altcoins market bull run, so it takes time for these trades to develop yet, most are in profits already.
@alanmasters, Dear Alan, could you please explain to me, or recommend some books/websites, on how long it usually takes for pull back after the target was reached. Let's say that target was 456 sats, and you say that next target is 567. So what should I look at when it pulls back? I did some TA and didn't get it right. I am learning the TA and would greatly appreciate your help/advice. And thanks for understanding :)
AlanSantana
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@ZatoshiSun, I don't know how to acquire that information, for me the market decides. I can read chart signals that tell me where the price might bounce or face resistance, but I don't have a way to predicting what will happen nor when. I just read the charts for signals.
ZatoshiSun
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@alanmasters, thank you very much :) I hope someday I will get to your level too, when I can just read the charts and say what's going on. Thanks for all your hard fork for the community as well.