XMY frequently moves between 10 to 17-20 sats. I put orders in last night at 11 sats that filled this morning. It looks like the price is starting to reverse and the 12 sat sell wall is coming down (from 2 BTC). I think it has room to move up again. This is a risky trade due to the fact that 1 sat down is about 7-8% loss here, however the potential profit makes it...
Myriad (XMYBTC) is looking beautiful on the charts. This setup is becoming stronger because sellers are already exhausted.
We have very strong bullish divergence on the MACD and RSI, remember that this signal is stronger when it shows up on both indicators.
Now trading above EMA50, it is only a matter of time before this pair starts to move positively.
Myriad (XMYBTC) is looking to have a bullish break. If EMA50/MA200 can be broken (magenta/black line), you can expect a move up all the way to 69 satoshis.
Target and stop loss on chart.
46% Profits potential.
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Myriad (XMY) Overview
Myriad is the first currency to support 5 algorithms, catering for ASIC, GPU and CPU mining. Currently, those algorithms consist of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt.
Myriad’s multi algorithm approach offers exceptional 51% resistance because a range of different hardware is needed to find 51% of the...
The Myriad has found the support at 73 satoshis, which is a very cheap price in relation to most coins out there. The support is confirmed by two Fibonacci retracement levels. Fist is 327.2% Fibs applied to the corrective wave up after the uptrend trendline breakout. And second is 78.6% retracement of the previous wave up.
Clearly the support has been rejected...
Strong bearish divergence apparent, OBV looking weak. RSI flirting with oversold and been hovering for some time.
Expect to see a pullback in the short term. Strong support at 75sats if middle BB breaks - Middle BB currently at 77sats.
XMY found some support near 100 level
I expect it rise to resistance line
Long term targets:
Follow money management, for low-volume coins don't use more then 5% of your deposit size, or 10% of free btc.
XMY has reached a strong resisatnce arc. and decision need to be made if it breaks it then it will loose 50% to 75% of its value.
if the resistance arc hold and we break above the resistance arc. then our first target would be 50% gain around the 190 level.
trigger above 130
stop loss 110
Myriad is one of the underdog coins that I have been watching for a while. I think it shows some great potential. It is forming a big triangle on the daily chart which seems to be very near apex. Great potential.