I totally love this token.
Have invested in it at ICO and I made good trades with it at all time high.
Now it's recovering and I hope to see it soon back to 46k sats, all depending on BTC though...
It had a nice bounce right off below 78% Fibonacci and shows nice signs to come up. Volume this week was great.
I rarely every use Elliot Wave, but this seems clear as day to me.
The reason I don't use it to often is because I'm a new trader, and Elliot Wave has more rules than one would expect.
But, this seemed to clear to pass up.
Modum is certainly set to grow farther, and they are having a huge partnership announcement March 31st.
Solid coin to pick up!
MODBTC need break out resistance line of falling wedge. Looking for next fibonacci levels.
31 March 2018 (or earlier)
MOD will release official announcement of new partnership with 5+billion revenue logistics provider in Q1 2018.
My Last post was more for educational purposes. This one will be a bit more technical. If you are looking for education check the related articles.
As this is a pretty new coin we haven't established many support zones. At the moment of writing we are in a free falling zone with no real support until around 18k sat. My general approach to this coin is to wait...
Its the return of the crypto bull market. A lot of different cryptos are seeing an influx of new money. These big spikes in volume could defenetly lead to higher highs in the mid to long term. Keep and eye on key levels of resistance and support.
This zone seems to be a good entry point, looks like resistance might hold.
Modum is a very anticipated blockchain project. With their pharma first strategy they have made a very wise decision: They help the pharma producers to record environmental conditions while the product is in transit to the distributor or consumer. Thus serving a very big sector in the economy. They do this using their own sensors (which already exist and work)...
There are more scenarios. It could go up and break through resistance (black), it could go down to low support zone and bounce back to resistance and breake through (orange), or it could be like scenario 1 or 2 and bounce back to support zone and break through resistance later (pink).