ichorouswings

FUN still to drop, buy zone around 0.06

BITFINEX:FUNUSD   FUN / Dollar
New here (only second post) - still learning, so thoughts are much appreciated!

We have a support level (blue) at ~0.087.

We have a short-term triangle (red), with a bullish breakout on 1/27. (I have the floor of the red triangle as either the green longer-term triangle, or the blue support level .)

We have a longer-term triangle (green), which has been unable to break out after sitting near the top since the end of the 1/27 breakout.

Looking at the bigger downward bearish correction after the 1/9 ATH             , I see a large wave C that has yet to be completed. It has held reasonably above wave A, so we do have a chance at it completing a double-bottom, going only about as low as wave A (~0.06). But, to get there in the first place, we'd see a sharp decline from where we currently stand (just over 0.10), so if we get that dip, it may be enough to push us to a lower C. I added a circular region (yellow) to indicate this uncertainty in how far C will fall.

To back up the expected downturn a bit more, taking a look at the MACD , the 12 just crossed under the 26 earlier today.

All in all, I'm expecting a low of 0.06 or lower, but then a return to recent levels of 0.10 - 0.15. If those numbers hold, that would be an increase of 67% - 150%.
Did it not complete an ABC aleady in terms of it's retacement from the high of 19 cents?
Antworten
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden