MUE,little known gem undergoing serious accumulation. x2 is easy
Updated
I'm a big fan of Wyckoff and his theories make it so easy to play out stocks that have bottomed out.
It's simple, buy coins that have bottomed out, are not making any further lows, but aren't really doing much either and have picked up their volume, because then, cause > effect, meaning a change/reversal is imminent
MUE meets all 3 criteria.
1) Low volatility
2) Not making any lower lows, but not making any higher highs.
3) Volume picking up as denoted by the yellow MA on the volume.
These 3 criteria put this coin into Wyckoff accumulation and that we are currently trading inside a trading range, where shares are accumulated by certain interests.
A detailed Wyckoff chart will be provided below.
On the weekly, since daily and lower don't tell me anything, due to minimal volatility is showing me some IMMENSE MACD bulish divergence with weekly MACD crossover that had already occurred. RSI, is useless here on weekly timeframes and below for long term swing traders because price has been so stagnated, almost guarantee RSI would be floating around 50 and not moving much from there.
From a volume perspective, buy volume is absolutely destroying sell volume typical of a bullish accumulation.
Movements in the trend (bull) often have more volume than movements against the trend (bear).
The only direction for the coin to go is up.
This is very very very strong support we are sitting on, that said, failure to hold this level would see us at 133 sats (from a current 1400sats). Not completely likely, but this is crypto and anything can happen, I mean people still believe that XVG is a good coin.
Fundamentally speaking they are almost completed 2 of their ongoing projects with both:
1) muex.io at 80% completion (forex, amazon listings and web hosting)
2) muegs.com at 80% completion (gaming service)
Instructions:
Buy in now up to 1550 sats.
Risk to reward is immense keeping a stop loss at 1000 sats. (previous swing low, denoted by a thick yellow circle)
Sell:
1) 2962
2) 3676
3) 4724
No need for Wave analysis yet, been adjusting my style to put Wyckoff at the top of my priority and Wave analysis a few rungs lower, after support and resistances.
It's simple, buy coins that have bottomed out, are not making any further lows, but aren't really doing much either and have picked up their volume, because then, cause > effect, meaning a change/reversal is imminent
MUE meets all 3 criteria.
1) Low volatility
2) Not making any lower lows, but not making any higher highs.
3) Volume picking up as denoted by the yellow MA on the volume.
These 3 criteria put this coin into Wyckoff accumulation and that we are currently trading inside a trading range, where shares are accumulated by certain interests.
A detailed Wyckoff chart will be provided below.
On the weekly, since daily and lower don't tell me anything, due to minimal volatility is showing me some IMMENSE MACD bulish divergence with weekly MACD crossover that had already occurred. RSI, is useless here on weekly timeframes and below for long term swing traders because price has been so stagnated, almost guarantee RSI would be floating around 50 and not moving much from there.
From a volume perspective, buy volume is absolutely destroying sell volume typical of a bullish accumulation.
Movements in the trend (bull) often have more volume than movements against the trend (bear).
The only direction for the coin to go is up.
This is very very very strong support we are sitting on, that said, failure to hold this level would see us at 133 sats (from a current 1400sats). Not completely likely, but this is crypto and anything can happen, I mean people still believe that XVG is a good coin.
Fundamentally speaking they are almost completed 2 of their ongoing projects with both:
1) muex.io at 80% completion (forex, amazon listings and web hosting)
2) muegs.com at 80% completion (gaming service)
Instructions:
Buy in now up to 1550 sats.
Risk to reward is immense keeping a stop loss at 1000 sats. (previous swing low, denoted by a thick yellow circle)
Sell:
1) 2962
2) 3676
3) 4724
No need for Wave analysis yet, been adjusting my style to put Wyckoff at the top of my priority and Wave analysis a few rungs lower, after support and resistances.
Note
This is a potential Wyckoff mapping.
It becomes clearer once the actual phases have played out, but that'll need time.
Phase D follows Phase C where strength in market is shown.
After which PHASE E begins which is markup.
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