Hi guys, just playing around with Elliot waves in MTH/BTC or Monetha. Whether my TA is correct or not Monetha is a great project with A LOT of room to grow.
Due to the lack of history and the quite low market cap of Monetha i believe the previous run up is likely to be the first Elliot wave in a primary cycle with wave 2 displaying a lovely ABC correction. Wave...
Good project. Moving in up trend channel. Toched support line and need go to resistance line of the channel.
The first product version will be release on the 31st of March
I recommend to keep until this time
MTH/BTC breaking resistance at 39 and testing new area of resistance at 43-44 region 3 times in a very short time frame, (could indicate strong buying pressure). New support at previous resistance point also being tested and seems to be holding strong. Price action could go sideways for a bit and consolidate before breaking either above or below (inclined to think...
MTH forming an ascending symmetrical triangle pattern and breaking upwards but encountering a lot of resistance just short of previous resistance at 4k satoshi. I expect it to retreat and bounce of lower trendline and form a cup and handle after which it could break up or down.