FUN Fair (FUN): A Deeper Correction Doesn't Erase the Bullish Pattern
SUMMARY
Fun Coin (FUN) was depicted in prior update with below Cup & Handle pattern. What's changed? The correction has continued to a deeper retrace. When the handle formation coincides with a Wave 2; the retrace can be deeper and so a longer handle. A Cup & Handle is not invalidated lest price goes below the lowest point of the cup formation.
A closer look shows an ABC correction. The C wave subdivides nicely into fives and likely waves 1,2,3,4 are complete with 5 remaining. Wave 5 should give a brief one more lower low.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Bitcoin update please. (It is playing $8000 - 8200 for a while now)
Thank you!!
Very interesting to see how things go from here.
I continue to follow you .. because your posting all its I like @haejin
Very well, thanks for sharing！！！！！
Do you really think this is a cup and handle forming, I see a coin starting with a listing on an exchange, then following the rise of bit coin through Nov & Dec 2017 and the whole market crashing taking everything down with it. Nice you pointed out the waves and that you need 5 of them each being lower that the previous, but where is the volume side of things? There need to be plenty of Volume (most traders trade on volume) for anything to move, not only that but plenty of positive market sentiment and a bull run on all Alt Coins. (full disclosure I am a holder of FUN and would love to see what you have pictured above come to reality.)
Maybe FUN is dropping because it is being delisted from BITTREX?
Perhaps the triangles have nothing useful to say, in the face of the most fundamental of fundamentals. LOL. Getting dropped from your main trading platform must surely count as a fundamental.
thank for sharing this informative post. Crossing our fingers for a better future in the crypto world. The key is to wait and be patient, because there is always a rainbow always after the rain
So either HODL or wait to buy. I mean it has to go up before it hits 0 right? :D