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- Mithril MITH Rank #470, Volume 24h $20,569,496
- On the chart we can spot a symmetrical triangle that is currently breaking out!
- Also, a trendline since April is breaking up as well.
- The price is above the 200 moving average.
- Target is top of the trendline or 1:1 trend-based FIB extension.
- Mithril is a gold mine!
- For expected duration of the...
There was buying force in $0.008 zone, which is a good sign of a recovery of MITH to $0.015 zone and even MITH can create a flash pump to $0.018.
However, I do not believe too much in the long term upside possibility of MITH that will fall quite deep in the near future
-Buy: 0.008-0.0085$. SL if B
-Sell: 0.0145-0.015$. SL if A
-Sell: 0.00175-0.018$ if...
On the 4-hr chart, the price action of the Mithril (MITH) token is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of BAT pattern should be:
Potential reversal or buying zone: $0.01232 to...
MITH is continuously rejected in the 0.0055-0.00575$ zone, so it is heading to the 0.004$ zone and it is likely to continue to break deeper into the 0.003$ zone.
The 0.005-0.00575$ zone is the biggest resistance zone for now. If MITH closes a 1D candle above this zone, it can pump up to the 0.0075-0.008$ zone
- Buy: 0.00375-0.004$, stoploss if B