Mainframe Current Trend

Updated

MFT showing support at 0.00000259.
Secondary support at Trend line, showing a bullish trend.
I'm setting stop loss at 0.00000250

Note

Still following trend line
100 EMA acting as resistance.

Note

Update: I've adjusted the support line and Trend angle to reflect the current situation. BTC is on shaky ground, causing tremors throughout the altcoins. I can't see MFT dropping too much lower, considering the price, but there is always the possibility. With the current BTC behavior, there is a definite risk to Holding altcoins for the short term.

Note

BTC is really playing havoc on the altcoins. MFT seems to be holding up fairly well, compared to many of the other coins.
Currently, MFT is seeing the trend line as resistance. After the recent increase, MFT has fallen back, and now finding support on the .618 fib level.

T17Heathen

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