The Monetha fractal I have been following is pretty accurate. We might see a third Higher High(HH) if the fractal repeats itself one more time.
(This is not financial advice, this is a volatile market where anything can happen)
ENGLISH : Monetha has a very similar chart to CMT's, which I called some time ago (see related ideas) and has already grown a lot since then. It has made double rounding bottoms, where the last one appears to be forming a cup and handle. Not yet confirmed, but it is a real possibility. Personally, I've added more to my MTH bag when I noticed that. Price is now...
No road map activity ahead for $MTH so the recent buyers would be the ones who get in above 9k USD lately. This would result in sell off if BTC makes 10-20%.
Monetha has found the support at 76.4% Fibonacci retracement level which has been rejected multiple times. And this week price managed to break above the downtrend trendline as well as 2/1 Gann Fan trendline.
This could result in the beginning of a correctional move upwards or perhaps a long term uptrend. The upside target is seen at 23.6% Fibs that is 3460...
Monetha is forming a wedge on the 1H timeframe. We have a low RSI indication for a possible run up.
(This is not financial advice, this is a volatile market where anything can happen)
MTHBTC break out resistance line. First target - 23.6 level fibonacci second next level.
Monetha have great news .
The first product version will be release on the 31st of March
twitter.com
Monetha has a really good team (Paypal Co Founder for example) And is extremely undervalued.
Once we will excit this bear market this one is going to explode so Im loding in on it heavy.
