Safe buyers would wait for a (strong) break of the the green line. More risky traders will buy the red line (AKA buy now), and hope/trust that another leg is still to come. This is not advice for you to necessarily buy or sell! Please, just take it as a perspective.
PS: I own no MITH, but I may wait to see what happens at the green line.
This price action lately could be a signal for the long awaited uptrend from it's 1 year history of downtrend.
For conservative trader, I suggest sell at 1800~2000
For risk takers,
First sell price would be at 2200~ sats
Second, 3000~ sats
Final stretch and if too confident, 4000~ sats
Welcome to this updated analysis on Mithril Bitcoin / MITHBTC Let's get right to it!
We can buy this coin with a target at 0.00000897
We can STOP/AVOID Loss at 0.00000788
The big volume is being used to break above resistance. The first try failed on 8th February. MITHBTC was trying to break above EMA.
$MITH Another coin retesting ATL levels (potential double bottom?)..
UCTS Buy signal on the 6H
Stoch RSI coming out from oversold levels
Bullish divergences can be spotted as price bounces
Volume is still low
Worth keeping an eye over next days.
Here is another gem I have found which has been showing growing pains with oversold conditions on the daily and weekly chart. As you can see, a bull flag has formed over the past few weeks. There is a possibility of profits in the ensuing days to come. However if this flag fails we can see as indicated on the chart for next expected move.
Price moving in falling Channel and presently we just bounced off the bottom of the channel which signal immediate upside move.
Also detected an Arc pattern move with 70-100% profit target.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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#MITH is holding its position around its all time now.There is high chance for its breakout, that would end its downtrend.Last time it showed a rally of 20-25% when RSI moved to 36. currently RSI is playing around 30-33,everytime it touched 35, rally is expected. ADX +DI is around 16 close to -DI,cross over can be instant. MACD is bullish. We are yet to see rally...
Just quick plot to see how this retrace plays out.
Retrace has been following the red Fib so worth watching.
Nothing really worth trading, unless FOMO takes over.
1100 area might be worth a small gamble.
1000 area would be better given round-ness.
Break below 1000 indicates end of interest.
See some of my other ALT coin plots below