FUNFAIR POSSIBLE BULLISH RECTANGLE BOTTOM

3 Feb 2019

Technicals:

Pattern: Bullish Rectangle Bottom
- White 21 EMA could cross the Yellow 55 EMA for the first time since last year.

Fundamentals:

FunFair at ICE Gaming Conference on February 5th-7th
- White label online casinos will be offered a premium deal to launch online casinos on the FunFair platform with zero fees and be given one full year of 100% net generated revenue.
- White labels must buy tokens on exchange at market price. Token will NOT be given to white labels via FunFair's holdings.

Targets are shown in the red horizontals. Major take profits should be red horizontals at daily EMA resistances.

4 Feb 2019

Trade aktif

Bullflag on lower time frames, 1HR-4HR
This is at least a one week hold and a must hold for the ICE event incase massive volume comes in. If you scalp for 5-10%, you will regret it when it goes 50%+. The reasoning is that FunFair currently trades at 0.0040 USD, almost a 50% discount from ICO price of 0.0066 USD. Potentially big white label casino operators can swoop in and take 100s of millions of FUN off the books at little to no drawdown. Historical data also shows that FUN made a rise of 80%+ during the previous ICE event that FunFair attended on February 5-7th 2017.
Additionally, FunFair's marketcap is only 20+ million and the online gambling market is worth well over 50 billion USD today. So you do the math, how big the returns could be even if only a fraction of the total market gets soaked up.