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...
Myriad is one hell of a coin to start. What we see here is a break of resistance by Myriad that is likely to take it over .01 in the next 4-8 hours. We have briefly touched the .01 mark and is sitting right where it broke out as we speak. The RSI also shows the breakout with it's trend line of its own. I plan to watch this coin closely throughout this week and...
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