$FX/BTC 1D (KuCoin) Descending wedge near breakout

Function X regained 50MA support and could be forming a bull-pennant. Since it just got listed in Coinbase, bullish continuation is likely.
The f(x) ecosystem went main-net earlier this year and is fully decentralized, more information about that project from Pundi X Team on functionx.io/

Current Price= 0.00001862
Buy Entry= 0.00001736 - 0.00001520
Take Profit= 0.00002499 | 0.00003318 | 0.00003954
Stop Loss= 0.00001046

Risk/Reward= 1:1.5 | 1:2.9 | 1:4
Expected Profit= +53.50% | +103.81% | +142.87%
Possible Loss= -35.75%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 months

İşlem kapandı: hedefe ulaştı:

TP1 reached with +50.18% and +1.5R

Function X instantly pumped and broke-out of the wedge, I hope you were fast enough since there was not much time to enter!

If you want to follow more news and stuff, you can join their official channel: t.me/functionx_io

İşlem kapandı: hedefe ulaştı:

TP1 reached again with +53.50% and +1.5R

FunctionX pumping back from demand zone / 100EMA and looking promising!

İşlem elle kapatılmış:

Remaining position closed with -35.75% and -1R

Function X ended up losing 100EMA support and retraced all the way down, kicking us out after 7 months.
RSI is approaching oversold territory, probably a final sell-off before going back to supply zone!