Description
⋅ We have been tracking Mainframe (MFTBTC) since late August... We have been seeing this pair consolidate for over two months now.
This is the orange rectangle marked in the chart, or you can see this one here:
Now, Mainframe is getting ready to move...
- We are seeing a strong RSI.
- MACD entering the bullish zone.
- Volume slowly moving towards the bulls.
- MFTBTC is now trading above EMA10 and EMA50. Once above these levels, a strong impulse up can happen.
Note: Consolidation can take longer and prices can even break down... That is why we always have a trading plan/strategy and prepare for all outcomes.
If EMA10 breaks down, then MFTBTC is likely to test lower support levels.
If EMA10/50 holds as support, MFTBTC from this level can grow... You can see the main targets and potential profits marked on the above chart.
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Namaste. Comment
⋅ (*) 15 |Hit 7-Nov. (+25%)
Comment
⋅ Latest chart, will publish a new one for you guys:
what do you think about double top at 20 sats rejetcion and volume down last days ?