- Hifi (formerly Mainframe) - Rank #333 - is a Lending Protocol that allows anyone to borrow against their crypto.
- On the chart we can see a wedge and a bull flag, which is very bullish!
- Profit target is top of the wedge for massive gains.
- Bullish volume is higher than bearish at this moment.
- For expected duration of the trade, probability, stop loss,...
Just looking at the basic trends on the daily chart and fib retracement. Hifi formerly known as Mainframe has found solid support on the .236 support level for over 20 days. Today is the first daily green candle in over a week, waiting to see if that becomes a buy signal. As with all things in crypto depending on BTC and Ethereum effect on market, in the next week...
Seems Like Breaking an Triangle upside,
Currently at strong vertical support and will break it soon,
Red Lines are Take profit lines (Resistance)
and Blue lines are support (while triangle is strong support area)
Currently Not following BTC and Will break it by tomorrow I guess but soon and Its short term trade.
Alts Dominance is higher while BTC is lower and...
I am expecting wave 5 to reach .25 - $2.00
no way to know for sure how high this will reach
fib extensions and channel limits can also be broken if the market finds hifi finance attractive
for now still seems to be a sleeper
not financial advice
your own risk, your own reward
marc cuban invested into HiFi Finance according to an interview he did back in february
this is the rainbow chart to streets of gold
but who can say where the path goes?
not financial advice
MFT came back to 0.02$ zone, which is the reliable support zone for the next rally up to 0.035$ and 0.05$ zone.
But if it loses this zone, it will have a big decline to 0.0125$ zone, this possibility is not high
-Buy: 0.0195-0.0205$. SL B
-Sell: 0.033-0.035$. SL A
-Sell: 0.048-0.05$. SL A
-Sell: 0.0195-0.0205$ if B. SL A
MFT is recovering after a big dump from 0.034$ to 0.019$, this recovery may push MFT up to 0.026$ zone, this zone is very strong and I think MFT will keep dumping from this zone.
-Buy: 0.0195-0.0205$. SL if B
-Sell: 0.0255-0.0265$. SL if A
-Sell: 0.0335-0.0345$. SL if A
-Sell: 0.0195-0.0205$ if B. SL if A