FunFair Trade Idea --> Falling Wedge, possible ATH soon?
799
Funfair Analysis
Let's just put it on Tradingview
Let's place the arguments together: - Retraced all the way back towards the 0.786-0.886 fibonacci zone from the run up. - Currently fighting the RSI downtrend and possibly breaking it. - MACD is about to make the cross and has been in a downtrend for a very long time. - ABCDE of the falling wedge is done.
Negative updates: - Couldn't break resistance. - Not breaking RSI 50 for a clear bullish indicator.
I've added this one to the watchlist, as I'm swing and/or daytrading this one. Targets? Little hard. But I'd say this: