Coin undervalued. Look like falling wedge. After break out resistance line. we will go the moon until 16 november. And 16 november we will have good news about Melon;)
I think your opinion pumped up the coin (not the first time :D )
XRD
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@dmehmedov94, I think so too... I'll never make this mistake again to buy a pump from him..
XRD
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So what was the news today?
scousertommy
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what does break the support line mean please ? does that mean a bearish run or bullish run expected please ?
RBmooney
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@scousertommy, the bottom line of the channel is referred to as the 'support' line, the top line of the channel is referred to as 'resistance'. Price action bounces roughly between these two points. If the price breaks through the support line then it will continue on its downward trend before bouncing off a lower support level. Short term bearish.
Its still possible to make gains in this environment by either swing trading one hour and 5 minute candles or what i like to do is buy cheap, even on a downward trend and set a sell order at one of the previous support levels. I recently done this with Bitbay and made over 100% profit. I do this with coins which charts show huge periodic spikes. Ive never had to wait more than two weeks to make profits. Ive just bought some Stratis for its short term profit potential.
I hope that helps.
amitkumarraman
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please update new target for MLNBTC
XRD
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Please update
UmerDurrani
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Any further prediction?
without_worries
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Are people selling the news? Seems to be tanking..