Price action of Mainframe / Bitcoin is forming a bullish BAT and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000011 to 0.00000010
Sell between: 0.00000014 to...
The #Mainframe (#MFTBTC) Update: 72% Profit From the first analysis.
Strong Supports:
200EMA on the 4h timeframe at 13 sats.
55MA on the 4h timeframe at 15 sats.
55MA on the 1D timeframe at 12 sats.
Portential targets can be seen on the chart:
TP1: 25
TP2: 45
TP3: 75
TP4: 100
$MFT
Some decent volume coming in recently, however still beneath resistance at R1. If we can manage a close above and retest, we could take it to R2 from there. I put an example of a scalp trade in chart.
$MFT
Impressive volume over the last few days, they have a catalyst coming up at the end of the week/some announcement, I imagine people are loading up in anticipation. Thoughts in chart.
