Mercury (MERBTC) broke its downtrend with massive force printing its biggest volume bar since December 2017... We are looking at the chart for Mercury (MERBTC) on Bittrex and we spot the following signals: Massive volume breakout as mentioned above. Downtrend was broken. Trading above EMA50 (daily candle needs to close for confirmation). Bullish...
Price moving in Ascending Channel, Its good to enter on lower yellow, and sell on upper yellow channel. Entry: 5600 Taget 1: 7750 Target 2: 8600
Mercury is one of the latest alts listed on Bittrex. Good fundamentals and low mcap makes it a good long term holding. Short term also shows potential if ascending triangle breakout occurs.
MERBTC have Good uptrend support line. Level 05265 good resistance, as we can see on chart, price breakout from it, and now testing it as a support. Entry now, or under 05265 level I expect 3 targets for this trade: Target 1: 06270 Target 2: 07511 Target 3: 11138
Falling wedge. Entry around 2500. Target 3400. Stop-loss 2200.