MITHBTC (Mithril) conquered EMA10 yesterday putting the bulls (green) in control.
Today, we have a very strong high volume breakout and the chart is now signaling that there is more to come.
We've marked the next target on the chart at MA200 for 84%+.
If prices drop for MITHBTC, a weekly close below 0.00000046 can be used as a stop-loss.
This is not...
Today analysis – MITHBTC – Forming a higher low, consolidating above daily support validating a long trade to technical targets above.
Points to consider:
- S/R flip Retest (trend reversal)
- 100 EMA (support confluence)
- Inverse head and shoulders
- Low volume
- Oscillators neutral
MITHBTC trading in a healthy uptrend forming a lower high with a valid S/R...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
After a beautiful last trade on MTL, we can continue our momentum with another support and resistance trade. This time, we will use the previous support as new resistance using a concept called S/R flip. During a support and resistance flip, an old support level can "flip" and be...