On the above daily chart price action has consolidated for approximately 20 days to form a pennant formation. A breakout occurred today. The pennant breakout occurs on past resistance, which now confirms as support.
The forecast is straightforward enough with the flagpole measuring a 60% move to the upside.
The target area is not to be confused with a market...
From the place we entered "start" on the chart, it seems that our corrective diametric has started and now this diametric is over.
This has been a large diametric for wave B which now looks like we have entered a bullish wave C.
By maintaining the green range, it can move towards TP.
Closing a daily candle below the invalidation level will violate the...
🔎 MLN is a small hidden gem on Binance and other major exchanges like Coinbase, Gate.io, and Kraken. With a tiny circulating supply of 2,665,562 MLN and a fully diluted market cap of just $53,424,254, this crypto could be a 💎 in the rough.
📈 MLN appears to be in an accumulation phase, trading within a purple rectangle range since May 2022. The white trendline has...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About MLN
(Update)
The Falling Wedge pattern has confirmed a breakout on the Weekly Timeframe ✅
Get ready for a potential massive bullish wave with expectations reaching up to 200% in the coming weeks ✍️
Looking at the Melon (MLNUSDT) chart is easy to see how we went from a 'major downtrend' to a 'consolidation phase'. We are now moving towards a 'bullish cycle' which is the last part before the process starts all over.
The bullish cycle will be followed by a new bear market which is characterized by a major downtrend, followed by a period of rest with sideways...
1-Apply your own risk management or follow Precisely my management.
2-Daily and Weekly Targets
3-Raise Often Your SL to protect your profits.
4-Use 10% SPOT
5-7% on futures with LEV5
AMEX:MLN IS COMING
Great project IMO, with long-term potential. Looks like an inverted triangle impulse wave 1 is forming, with the final wave (E) expected to reach a minimum of $40, but could over extend as far as $60. Overall move is likely the B wave of a larger correction IMO (could definitely be wrong!) and I expect it to reach $150 and possibly go all the way close to the 2021...
Based on the provided market data, the currency MLN (Melon) is currently trading at a price of $17.73 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 30.13, 42.31, and 52.61 respectively. The RSI 4h is indicating an oversold condition, suggesting that there might be a potential price rebound in the short term.
The Moving Average...
MLN has a strong reaction from white 100 MA on 3D chart. I am expecting some red color on the chart during the weekend and then price can take out previous highs. Wait for the dip on new 3D.
NOT A FINANCIAL ADVICE, ALWAYS USE STOPLOSS AND MANAGE YOUR RISK PROPERLY
MLN likely going to $60 IMO - possibly in an extended wave 3 (i.e. quickly); this target is the 0.618 retracement of the range indicated by the parallel channel. It could extend to $69 - maybe in a wave 5 but I wouldn't bet on it.
MLNUSDT is presenting a compelling technical opportunity based on a recent price action analysis. On the 1-hour timeframe, a bullish divergence on the RSI suggests a potential reversal or continuation of the bullish momentum. Considering this, a long position is being considered.
Here's a potential trading opportunity based on this analysis:
Entry: Consider...
I'm considering a long position in MLNUSDT at a price of $15.55. My analysis suggests that MLN is showing signs of strength, particularly in a ranging market, as it consistently forms higher highs (HH) and higher lows (HL) based on price action.
An important aspect of this analysis is the absence of any bearish divergence, which is a positive signal. This factor...
Hello Traders,
ALCX pumped almost ~50% Today. It has low supply/mcap. MLN has the same ingredients.
I just bought some here at the weekly support.
Please hit the boost button and follow me for more ideas.
Thanks
Hi dear friends, hope you are well and welcome to the new trade setup of Enzyme (MLN) token with USD pair.
Previously we caught a almost 22% pump of MLN as below
Now on a 4-hr time frame, MLN has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the...
◳◱ Technical analysis to be included soon, stay tuned!
◰◲ General info :
▣ Name: Enzyme Finance
▣ Rank: 339
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Financial - Asset Management
▣ Overview: Enzyme Finance project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics...
The price is in a downward direction to the 19.21 price area, from which the price reverses upward and a bullish bat pattern is formed...and a positive sign is required to enter the deal, and when this happens, the targets will be
As shown on the chart.
The analysis is subject to error and right, and entry or exit is at your own risk, and it is not an...
