MAIDBTC has reached late 2015 lows again, confluence with a falling wedge that's been forming since January 2018.
Seems likely we're going to break out to the upside but have a stop loss just in case.
Entry - 0.00002361
Stop - 0.00001595
Target - 0.00007711
R:R - 8.44
Todays announcement is for MAID/BTC. This is one of the best trades around at the moment; with re-listing and probably even more listings in future, break-out of this wedge that took long time and active dev-team on github things are looking promising.
Based on my chart MAID should hit ~4400 in near future as FIRST stop, which is around 60%+ from here, then wedge...
- WAIT FOR BREAKOUT AND CLEAR CLOSE ABOVE TREND LINE
- WAIT FOR RETEST
At the start of 2018, the network was in its Alpha 2 stage. It aims to be an entirely decentralized and completely secure computer network. The token is designed to reward people who donate processing power, data storage space and Internet bandwidth to keep it that way.
We are bullish on a highest time frames. But on 4h we have bearish rejection after crushing mid term ATH around 4400.
So now we have typical correction.
As we are bullish on a daily chart I can suppose to open trend continuation trade. 3650 Level looks good as a reversal point.
You can see that we are starting to Make higher lows + higher high on oscillators (...
Looking at the weekly, we see MAID/BTC reached pretty much the all time lows again and traded in this big triangle all year long after it consolidating this price.
Here is my Daily Chart for MIAD with simple RSI.
I am waiting for volume to come in and the triangle to break. ( a candle to close above or below, preferably with volume)
The breakout should be...
For those looking to stay in crypt and not go into USD, the better place will be areas where value could be stored. This will likely mean the "cockroach" projects that have been through thick and thin, rather than the unicorns that can go out in a bang. Chances are this resistance will be broken and further up movement will ensue.
Technicals only I didn't check or research this coin.
It is weekly chart so the action can take some time but only based on what I see pair is in the interesting moment. I marked with arrows triple bottom which is nicely respected by market. Triple bottom merged with lowest lows from the end of year 2015. It is not certain to me if the pair will bounce and will...