Take a look at this chart above. Melon (MLNBTC) increased over 200% in price in just two days... This isn't normal and definitely points to something good coming for the altcoins market. (This is a Bittrex coin).
We are seeing altcoin after altcoin breakout with massive gains. The volume is really good and Melon has an additional 5500%+ profits potential, which...
We got 88% gain in two days! Not bad!
Now we need to closely follow if we will be able to get through the major resistance.
So move your stop losses up and set new targets if the resistance will be broken.
MLN hit 62% profit target at our previous analysis.
this coin still try to break bullish confitmation at 0.01510090, and if this level break up, we can set more higher target.
To follow bullish wave,, we can wait at support zone,, if this coin touch support zone again at 0.102043 we can buy, with target still same at 0.01510090
this coin hit last support at 0.01, there is no other support left (use stoploss for this setup).
We can set 50% profit target at 0.01510090 at classic support and resistance, and if this level break up as bullish confirmation, we can aim for more bigger target.
i will update this analysis if :
*support break down,,
** reach bullish confirmation at 1.015
I see the opportunity of this pair as it is going down trend
and it will spike down and up
what are we looking is waiting for spike down and BUY it
target is at 0.017
i think it will move like that on MLNBTC
If you like my analysis please help to like and follow