Will we break out of this falling wedge alts seem to be doing really good at the moment . This has been knocking seeing huge upward wicks.Things are slowly starting to look good here.
Remember to Trade with Caution especially at the moment.
#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...
While, these bears are very angry last weeks! We need to break the white dotted line to make shift the market. We can see on the 4 hour exaggerated divergence. This mean we shift the momentum, but i have doubts if this is the time plays out.
As we've seen that MITH had forming Falling wedge and Bullish Divergence, good volume, not pumped yet during this beggining everyone said "alt season".
Good place to buy is at Range Low : 0.00000151 Price
Good place to sell is at Mid and High Range : 0.00000165 - 0.00000187 Price
Good place to set stop loss is below the Range Low : 0.00000147 Price
Note : This...
Long shot on this call - I was more or less playing around with sine waves on the BTC pair for MITH and came up with this (possibly because I happened to want all of the waves to intersect where they do - or - possibly because they actually do signify the changing of trends at this point. I'm not sure).
However, what I really am basing this call off...
Trend line is broken and triangle pattern created.
According to the SMRT Volume indicator, the volume is high above the Como cloud but the price is still below the cloud and this indicates that the price will be pumping soon(As long as Bitcoin stays...
Look at this beauty which is getting ready to visit "the moon"
I found so many reasons to buy this one:
1. Most important, location. The location is very good vs risk reward, bottom of the range.
2. MACD divergence, price on the chart was going down but the MACD histogram is going up.
3. OBV ( on balance volume ) divergence which means that the money are going...