Long

MDABTC with a nice setup right now (3x potential)

By tat_2
Updated
MDA is currently testing the bottom of the pitchfork channel, so a good target for the next move up could be around 45k, assuming the channel holds and there isn't a breakdown. The median line has only been tested once, so it would not be unreasonable to think that MDA could bounce from the bottom all the way up to the median line, which would be nearly a 3x move from here.
Trade active
Hidden bullish div on RSI and Stoch also point to continuation of uptrend.
Comment
snapshot
Trade closed manually
Waiting for BTC retrace. Could see MDA drop farther to test its 200DMA (currently at 21.6k). If that holds, will reenter the trade.
MDABTCTrend Analysis

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