#ML Mintlayer fails to break the $0.2298 zone and faces a violent rejection. It pulls back just as harshly below the initial accumulation zone (golden pocket) to the next Fibonacci level around $0.0484 and is currently consolidating to form a support level in accumulation.
A relatively unexpected move for a project of this caliber.
The key zone/FLIP must act as support before considering higher targets. This refers precisely to the length of the upper wick from the December candle, marked on the chart with a red arrow.
Good luck accumulating, consolidating, or trading!
A relatively unexpected move for a project of this caliber.
The key zone/FLIP must act as support before considering higher targets. This refers precisely to the length of the upper wick from the December candle, marked on the chart with a red arrow.
Good luck accumulating, consolidating, or trading!
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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.
Disclaimer
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.