MaidSafeCoin will it break up?

Looking at the weekly, we see MAID/ BTC reached pretty much the all time lows again and traded in this big triangle all year long after it consolidating this price.

Here is my Daily Chart for MIAD with simple RSI .

I am waiting for volume to come in and the triangle to break. ( a candle to close above or below, preferably with volume )

The breakout should be violent and it will probably look like a classic elephant wave from which you can then trade the follow-up waves until we don't make wave higher. (or lower in case of break down)

Here are the resistance levels where you can expect a possible pullback.

Don't trade small moves, its not worth it most of the time for too many reasons to list here.

The white line is the volume MA that I set to 21 because the volume is very inconsistent and now I can easily see the trend of the volume the last 3 weeks.

Notice the still declining volume .

For our members: If you are interested in this coin you can also scale in by taking a lower timeframe chart and using the last elephant wave up to get your buy area.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.