Mainframe (MFTBTC) is literally sitting at the bottom and starting to move up.
In the past few months, we mentioned "above-average" volume when looking at volume as an indicator for bullish breakouts. Now, we are looking at "high-volume", "highest volume bar ever" and similar...
MFTBTC just printed a really big volume bar to break above EMA10... The bottom is in!
MACD:
The MACD is trending up with plenty of room left available for growth.
RSI:
The RSI is past resistance, plenty of room there as well left for growth.
When looking at Mainframe (MFTBTC) long-term, we can notice several things... First the chart:
Falling wedge broken.
Full negative 9 count completed on the TD Sequential.
Price going flat.
Volume breakout / massive volume.
Bullish spinning top candlestick.
MACD bullish crossover.
RSI massively oversold.
1450% PProfits (Potential Profits) to ATH.
Plenty of bullish signals can be spotted there...
Conclusion
Mainframe will generate massive gains. Period.
Namaste.
Note
Note
TARGET:
(1) 16 |Hit 18-Nov. (+33%) (*) 20| Hit 22-Nov. (+66%)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.