Mainframe (MFTBTC) is literally sitting at the bottom and starting to move up.
In the past few months, we mentioned "above-average" volume when looking at volume as an indicator for bullish breakouts. Now, we are looking at "high-volume", "highest volume bar ever" and similar...
MFTBTC just printed a really big volume bar to break above EMA10... The bottom is...
Downtrend reversal on MFT confirmed
Massive 1D volume influx helped to break out
of a falling wedge
Short term targets at previous S/R flips at 20
and 40 sats
Long term target at heavy weekly resistance
at 72 sats
After lossing strong support at 1.236% fib extension then all eyes open to the next fib zone to be our support which is at 1.382% and from this level I believe the falling wedge formation must have completed which will lead us to a mini Bull run for MFT. Presently oscillating indicators are all set for strong accumulation.
Kindly follow the suggested...
The easiest way to trade is by keeping it simple.
We know that it is hard to buy when everything is red, but that is exactly the right time to jump into any trade.
We buy low to sell high.
We buy red to sell on green.
Mainframe (MFTBTC) just hit a new all-time low on Binance yesterday and is printing strong bullish divergence.
Take a look...
0.00000017 - 0.00000015
(4) 0.00000054 the long term
(5) 0.00000070 the long term
If ( 0.00000015 ) is broken close the candle 1 day below it.
$MFT coin looks really juicy for buying. Let me tell you why. There we have a convergence on RSI which is a bullish sign. Moreover, the asset is located in the oversold zone, according to Stoch. RSI data. And, by the end, we can see two strong supports: a horizontal and a descending. Good set-up for a good growth. The best buy zone was mentioned as a grey...
Today I´m looking at Mainframe as the chart looks very tasty to me.
Falling wedge pattern with bullish divergence
Buy zone 30-36 sat
Stop loss 28 sat
** This is not a financial advice so trade on your own risk and only the amount which you can afford to loose **
MainFrame(MFT) has already broken its previous lows and sitting under the '20s
With the price consolidating between 14-17 Sats, it can show an upward movement soon
As a low satoshi coin, I would place my bids at 15 and 16 Sats
Target zone for Short term would be 22-25 Sats (depends on the Bitcoin movement)
NOTE- DYOR before investment, this chart is for...