#Accumulation_Recomendation
Pair : #MFT / #BTC
Exchange : #Binance #Bittrex
RSI : 31
Note : After reaching the stop loss given on #MFTs trade we it lose a big amount of price level by the past 2 weeks in general. Showing a good bullish candle stick formation by the past 2 days its is trying to build up a reversal upward trend by breaking out the falling wedge triangle formed by the short term. Volume seems getting back for now and this seems the lowest point that #MFT could go and we are not expecting a further downward move below 20 sats for now unless Bitcoin's effect once again re-begin by the start of the weekend tomorrow. RSI showing a good wake up sign which is heading for a bullish indication and MACD trying to cross over for a bull indication too. EMA needs to go further down to be below the candle stick though which will confirm a bull reversal trend.
Accumulation Area : 20 sats - 22 sats
Distribution Area
Short Term:
Target 1 : 28 sats
Target 2 : 33 sats
Target 3 : 36 sats
Target 4 : 40 sats
Target 5 : 46 sats
Mid Term:
Target 6 : 49 sats
Target 7 : 53 sats
Target 8 : 56 sats
Stop Loss : 16 sats
Risk : High
Capital Accumulation : 4%
@cryptotalk_et
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Pair : #MFT / #BTC
Exchange : #Binance #Bittrex
RSI : 31
Note : After reaching the stop loss given on #MFTs trade we it lose a big amount of price level by the past 2 weeks in general. Showing a good bullish candle stick formation by the past 2 days its is trying to build up a reversal upward trend by breaking out the falling wedge triangle formed by the short term. Volume seems getting back for now and this seems the lowest point that #MFT could go and we are not expecting a further downward move below 20 sats for now unless Bitcoin's effect once again re-begin by the start of the weekend tomorrow. RSI showing a good wake up sign which is heading for a bullish indication and MACD trying to cross over for a bull indication too. EMA needs to go further down to be below the candle stick though which will confirm a bull reversal trend.
Accumulation Area : 20 sats - 22 sats
Distribution Area
Short Term:
Target 1 : 28 sats
Target 2 : 33 sats
Target 3 : 36 sats
Target 4 : 40 sats
Target 5 : 46 sats
Mid Term:
Target 6 : 49 sats
Target 7 : 53 sats
Target 8 : 56 sats
Stop Loss : 16 sats
Risk : High
Capital Accumulation : 4%
@cryptotalk_et
Drop a LIKE and follow us if you like this idea. With Regards.
