MFTUSDT(MAINFRAME) Daily timeframe range. whatever alt moves a lot got more chances to make profit out of it rather than the alts which are stable. this alt got lot of moves on its range levels. of course there are lots of wicks here and there, which is used by p and d groups. it makes it a high risk and reward alt. the chart is not clean took me some time to...
MFT has conquered the $0.009 zone so it can continue to move up strongly in the near term to the $0.015 zone. However, its buying power is not being pushed in yet, so it might have a slight correction to the $0.009 zone first.
♻️Condition : If 1-Day closes ABOVE 0.0085$ zone
🔴Buy : 0.009 - 0.0085
🔴Sell : 0.011 - 0.013 - 0.015
Technical analysis: #MFT (Daily update)
* MFTUSDT is try to BREAKOUT the Symmetric tringle pattern, the beginning of an uptrend is expected from here.
*The price is trading ABOVE 50- MA but try to break the 21 MA as well as trend line , LOOK too bullish when it will trade above the both MA's as well as downtrend. it could start new really to $0.08 or more...
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...
- 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,...
I am expecting wave 5 to reach .25 - $2.00
no way to know for sure how high this will reach
fib extensions and channel limits can also be broken if the market finds hifi finance attractive
for now still seems to be a sleeper
not financial advice
MFT came back to 0.02$ 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
Hifi Finance ( new brand name for Mainframe ) will be making big announcements tomorrow. Their website has a countdown for what is rumored to be their lending protocol launch in less than 22 hours. As we get closer to countdown , price action will rise accordingly with speculation. Ideally we stay above the .618 fib retracement fan level during this bitcoin slump...
I am currently Bullish about MFT at the moment while EngineeringRobo remains bearish. If you are currently holding MFT, you should continue to hold and aim to sell at the 0.0041 resistance level or if the candles break down below the uptrend resistance level.
Ifyou are interested in buyinh, you can wait for EngineeringRobo buy signals or you could buy at the...