MonetaryUnit has established a strong bottom at 1270 satoshis level. This support has been rejected multiple times, nevertheless, MUE/BTC failed to break lower. At the same time price stays below the downtrend trendline as well as 50 Moving Average.
MUE seems to be trapped within the triangle pattern, and at this point there is no confirmation of the price moving...
I'm a big fan of Wyckoff and his theories make it so easy to play out stocks that have bottomed out.
It's simple, buy coins that have bottomed out, are not making any further lows, but aren't really doing much either and have picked up their volume, because then, cause > effect, meaning a change/reversal is imminent
MUE meets all 3 criteria.
1) Low volatility
2)...
You have to be there soon after breakout;)
Targets:
0.00002266
0.00002838
0.00003300
0.00003762
Stop loss: For now 0.00001200, After reaching targets use previous target as sl
MUE
MONETARY UNIT
GREAT TRADING RANGE, CAN REALLY SCALP OR INCREASE BAG WITH THIS TRADING RANGES. I USE STOPP LOSSES AT TOP OF THE RANGE AND SET BUY ORDERS AT SUPPORT.
AIMING FOR THE TOP RESISTANCE IN THE COMMING DAYS. STILL ACCOMULATING
MACD
1h,1d - looks good
3h seems to reset
Stoch RSI
1h, 3h, 6h - looks good
Ichimoku
1h - trading under the cloud
6h may touch the cloud
1d trading in the cloud
everything on 3d and 1w looks promising
will buy on wave 2 and sell at previous resistance levels
Key things to note from the chart:
- Price has challenged each Fib level respectively
- Price hanging between 100 Day MA (support) and 200 Day MA (Resistance)
- Market patterns show substantial moves every ~50 days (vertical lines)
Entry would be relatively safe at this level with decision time (1/6-1/7) right around the corner.
If my picks help you out, don't...
Take this analysis with a grain of salt as it is just an idea. I was surprised to see the price maintain a somewhat sideways trend despite the attacks this summer so the hodling continued.
Any feedback as to why you believe this asset is crippled and fundamentally lacking would be greatly appreciated.
Thank you.
With Bitcoin's recent rise to about $4000, we can expect a new alt coin season. In fact DASH and ETH have already started, as well as BCC. Masternode coins have always been especially susceptible to pumps because the whales that own the nodes need more transactions to produce more money.
Recently we saw all master node coins pump, and along with "platform" coins,...
