Well, MDA comes from a nice bull run about a month and a week ago. Since then, and with a lot of chop at it's top, it has slowly been dropping in price mainly due to no demand at such prices. Every now and then it has setup for a breakout with no success and with lacking volume.
ATM it is breaking down, the 4 hourly shows a very bearish image, with just recently oversold stoch rsi and with no will to fight BB at all. For now, 0.00015 has held as support, but it will be put to test again soon.
I am looking to see how this setup ends up unfolding in the future. It is clear that this conditions have been iniciated by the btc dump, however alts like this one may be the first to allow for some plays on the longing side.
Opportunity for a scalp on the 15 min has been missed, and now it's about how well will it hold the next cycle downwards on this timeframe. If it were to show some power, I would reconsider my bearish stand on the 4 hourly.
Any price within the bracket (0.00014368 and 0.00014673) seem like decent bouncing points for the next cycle on the 15min chart, with a OP of 2-4%.