Mercurial Finance (MER) - Bullish divergence** warning - low market cap $24m **
Looking through the wreckage of the recent sell off always reveals some hidden gems. Disclaimer: I’ve no idea what this project is, wouldn’t recommend anything more than 1% of portfolio.
On the 2-day MER/BTC Chart above price action has corrected 90% since May. Now is a good time to be bullish:
1) The “incredible buy” obviously.
2) Regular bullish divergence. 7 Oscillators
3) RSI resistance is broken.
3) Stochastic RSI prints higher lows since early November.
4) MFI resistance is broken.
5) On the 4-day dollar chart (below) price action prints a ‘incredible buy’.
6) On the same chart 4 oscillators are printing bullish divergence.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
Good luck!
Ww
4-day dollar chart
