Mercurial Finance (MER) - Bullish divergence

** warning - low market cap $24m **

Looking through the wreckage of the recent sell off always reveals some hidden gems. Disclaimer: I’ve no idea what this project is, wouldn’t recommend anything more than 1% of portfolio.

On the 2-day MER/BTC Chart above price action has corrected 90% since May. Now is a good time to be bullish:

1) The “incredible buy” obviously.

2) Regular bullish divergence. 7 Oscillators

3) RSI resistance is broken.

3) Stochastic RSI prints higher lows since early November.

4) MFI resistance is broken.

5) On the 4-day dollar chart (below) price action prints a ‘incredible buy’.

6) On the same chart 4 oscillators are printing bullish divergence.

Is it possible price action falls further? Sure.

Is it probable? Unlikely.

Good luck!

Ww


4-day dollar chart

Trade active

Trade active:

Bullish divergence on the 2-day continues to grow on this one. I don't know why. one day it'll just pop, and i still will not know why. This is the weirdness of alt-token bull markets, you could more or less throw money at any random oversold alt token and still come out looking like a hero.

Comment:

Both dollar and BTC pairs printing an impressive bullish divergence on the 5-day chart