Here we have multiple patterns showing up on the Monetha (MTHBTC) chart.
We have the "cup" pattern.
A "Falling wedge".
The "fake breakdown".
And also what we call the "ascending channel".
All these patterns have something in common, they are all bullish in nature.
We also have increasing volume showing up on this chart, as well as a bullish MACD and RSI.
Monetha Coin ist eine neue mobile Zahlungsplattform, die auf Ethereum basiert und ein dezentrales System auf Basis von Vertrauen und Reputation (DTRS) verwendet.
Die Entwickler selbst beschreiben das Projekt als eine Kombination von PayPal und Trustpilot.
Wenn ein solcher Riese der Kryptowährungswelt, wie Bitcoin, gründlich studiert und beschrieben wurde, dann...
-this coin keeps respecting the 50D MA including the ascending trendline
-we can see a small descending trendline which as current resistance
-if this level can be broken and a good retest after
-that will be a good entry zone to Buy
-your target is up to 150 sat zone
-stoploss is placed under 50D MA
MTH, catches my attention to!
Looks good to me, broke an long time trend line (Orange and already retest it). Of we conquer the white 200 EMA on daily I Think its good possible we going for a nice bullish ride!
Volume is coming in bullish cross on MACD, bullish! If we close an daily above the white 200 EMA and also above the red OB would be a big step! Also on...
Monetha is accumulating since mid 2018! But its trend angle is changing. And its almost moving horizontally since 2019.
Currently this falling channel looks important. Trade after breakout.
Here is a long-term view (experimental):
Apparently, for this asset, we have broken down a bullish channel, and we are currently accumulating after this break, my thought is that we can start a sideways movement for this asset in the coming days.
Only will look bullish above the 90 satoshis area.
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shs has occurred and is happening. I think the decline will be up to 70 satoshi. I expect a drop in shs height. then I wait until 110 satoshi. this is an amateur work. it is not an investment recommendation. I wish you good luck to everyone.
MTHBTC is currently trying to break the resistance shown in the chart.
If broken buy the retest of the flipped support for a good entry.
Take profits are at 33%, 77% and 140% respectively.
Never buy into the resistance! Always wait for it to flip to support and buy the retest.
The Aroon Indicator shows a bullish continuation ahead.