After the run-up till 8.1.2018 FUN has started with correction where possible support has been found (tested 2x 0.00000818) @ arround 50% fibb level on raise or 23.60% on pull back. While today we have experienced already some movement it is also possible that correction has not been yet completely executed (Conclusion based on TA indicators). It needs to be however noted also that there are 2 events coming up quite soon (check pink notes for explanation) therefore movement today could be logical.
TA indicators:
Stoch RSi- returning back to the channel from oversold channel
Macd: Started to turning up however still hasn't touched the 0
RSI: Starting to turn upwards from the middle of the channel.
While Stoch RSI is in the optimal levels for trend reversal...Macd and Rsi are still giving a chance for pull back down into the predicted buying zone (blue circle or worst case scenario green quadrant).
Possible gains with news:
Short-term (60% confident on target): It is possible that the spike will happen in next few days due to two approaching events which could lead the price up to tests historical high, or at least to 78,60 Fibb level on pull back. 50-70% gain expected.
Mid-term (80% confident on target): By the end of March there will be official public beta release. Given the current price per coin (FUN) and strength of the news (if they deliver) I am expecting that the price will hit top of the middle channel at least representing 160% gain (red arrow path).If another pull back to bottom of the outer channel happens (Blue arrows path), than we could see gains up to 200%.
the rest of the % which were excluded on confidence level are due to the not knowing what the hell BTC will do.
happy trading.
p.s. anyone has any opinion or thought share it in comment sections...More ideas better gains ad bigger knowledge base :)