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AlanSantana
May 28, 2020 3:19 AM

Mercury (Final Call) 

BITTREX:MERBTC1D
Mercury / BitcoinBittrex

Description

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I love Mercury... I don't know if it is because of the start but I like this name (⭐️ it is because of the Star).

Here we have prices safely and strongly trading above EMA10 and also MA200, which puts this pair on the "strongly bullish" map.

The next target is sitting at EMA300 (grey line).

The way the chart looks now, remember that charts are always changing, MERBTC can easily jump next.

The next resistance can be found at the purple trendline but this level has been tested already and we ended up with a higher low.

What this means is that Mercury (MERBTC), can takeout this resistance and go straight up (green arrow).

If the main bullish scenario does not take place (red arrow), we remain bullish after the drop (blue arrow).

Namaste.
Trend Analysis
Comments
kkarmayogi
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I think you like Mercury because Hindi name for Mercury is Buddha, and you are devoted to Buddha 🙏
AlanSantana
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@kkarmayogi, Wow... That's a nice one.

Thanks a lot for sharing. 😃😁🙏🏻
UnknownUnicorn5855256
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Right after your call 20% pump came , good call!
lavventura
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@alanmasters Its below the purple line now, is it a signal that might drop till 30 where the next purple line is?
AlanSantana
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@lavventura, Not necessarily.
lavventura
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@alanmasters, it seems like going down to 30 level
lavventura
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@alanmasters, see it touched to level 30
UnknownUnicorn5855256
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Mercury seems like dropping more always below 70, should we wait patiently or sell to prevent more loss
AlanSantana
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@alperalimoglu, It depends on you, muy buy range is 0.00000064 - 0.00000070, so we are good.
UnknownUnicorn5855256
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@alanmasters, Thank you sir. I already bought above of the buy range when it was around 0.00000075. But I am holding it patiently in order not to sell in loss.
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