BINANCE: MITHBTC
-Mithril is now testing the 200D MA dynamic support
-And the previous resistance zone which has the chance of flipping into support
-If this area of confluence will hold for the next few days
-There is a chance to test the trendline resistance above at 80-85 sat range
-Bearish side, a candle body close below this green support
-Will send the...
MITH/BTC
-a bullish breakout of local resistance
-new potential support for Long entries
-RSI condition level is above 50
-good potential upside target up to 77 sats
-stoploss below 49 sats
as you see on the chart RSI is even so closer to 0 level. Personally I have no hope about this coin but as technically they can bring the RSI over 30 level in to the long term channel line, which means price can climb up around 1200-1350-1400 level but on the long term bearish trend is still active till they decided strong reversal action
It seems no one is interested with this coin? This Taiwanese/Korean Popstar owned coin have not gone anywhere but down since the start of the year. I would recommend a buy on this once downtrend channel is broken, either up or down.
Personally, I would buy after price goes above 99 MA.
