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MC/BTC - Merit Circle: Trend_Reversal◳◱ An intriguing development has unfolded on the EURONEXT:MC / CRYPTOCAP:BTC chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.00001668 | 0.00001839 | 0.00002246 and the significant support levels found at 0.00001261 | 0.00001025 | 0.00000618. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.00001478, allowing us to take advantage of the projected trend continuation. Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies. ◰◲ General info : ▣ Name: Merit Circle ▣ Rank: 142 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: Financial - Gaming ▣ Overview: Merit Circle is a decentralized autonomous organization (DAO) focused on increasing accessibility and participation in the play-to-earn gaming industry by providing educational opportunities and 'scholarships' (in-game assets on loan) to people from around the world. In addition to profit-sharing with 'scholars', Merit Circle grows its treasury by holding various assets (i.e., game-related NFTs) and early-stage financial investments in Play-to-Earn games. Merit Circle's token ( EURONEXT:MC ) is used to govern the Merit Circle DAO and serve as an index for the Play-to-Earn industry. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001478 ₿ ▣ 24HVol: 20.964 ₿ ▣ 24H Chng: 0.0% ▣ 7-Days Chng: 39.46% ▣ 1-Month Chng: 44.59% ▣ 3-Months Chng: 152.39% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001668 | 0.00001839 | 0.00002246 ◢ Support: 0.00001261 | 0.00001025 | 0.00000618 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 2.94 ▣ Last 90D: 3.07 ▣ Last 1-Y: 0.25 ▣ Last 3-Y: -0.05 ◲◰ Volatility : ▣ Last 30D: 1.13 ▣ Last 90D: 1.47 ▣ Last 1-Y: 1.09 ▣ Last 3-Y: 1.50 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.72 - Bullish ▣ In-depth MCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
MC/USDT bullish ride? 👀 🚀 MC Today analysis💎Paradisers, direct your attention to MCUSDT, which is currently exhibiting intriguing market behavior with a heightened likelihood of embarking on a bullish trajectory. 💎Historically, MeritCircle managed to breach a descending trendline, subsequently establishing an upward momentum. Presently, it's navigating within a demand zone. Should it surpass the supply threshold at .3870, there's a substantial probability it might approach the anticipated resistance zone. 💎However, if the asset struggles to overcome this supply zone, the bullish momentum might find its genesis at the .3347 demand level. It's noteworthy that, despite a contingent of traders potentially shorting this asset, our analysis leans towards a more optimistic, upward trend. 💎On the flip side, should the asset's price descend below the demand level, there's an increased likelihood of a downward trajectory, potentially extending to a critical support level. As always, prudent decision-making and comprehensive market analysis are paramount
MLong
by MyCryptoParadise_Simon
Merit Circle MCUSDT Price Analysis (1d)BINANCE:MCUSDT is staying true to our earlier predictions. The current price action has given rise to an inverted head and shoulders pattern, signaling a potential upward move if it breaks out above the neckline at $0.39. Here are the key points: Pattern Recognition: The formation of an inverted head and shoulders pattern. Implications: This pattern typically suggests an impending upward price movement. Targets: In the event of a successful breakout, keep an eye on the following target levels: $0.45 - $0.59 - $0.74 - $0.98. Risk Management: It's advisable to set a stop loss, preferably below the breakout level of the shoulder support, which stands at $0.26. This analysis aims to provide a clear picture of BINANCE:MCUSDT 's current situation and potential future movements. Keep a close watch on the breakout at $0.39 for confirmation of the bullish trend. Happy trading!
MLong
by Vestinda
LVMH (MC) -> Buy The Stock Right Herey name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on LVMH. For the past 7 years LVMH stock has been trading in a decent rising channel and just recently retested and rejected the upper resistance trendline at the psychological 900€ level. Also considering that this is a simple break and retest of the previous all time high from January I am just waiting for bullish confirmation before I think that another push higher will occur. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
EURONEXT:MCLong
by basictradingtv
29
Merit Circle MC / US Dollars (MCUSDT) Token Analysis 11/09/2023Fundamental Analysis: Merit Circle operates as a decentralized autonomous organization (DAO) with a primary focus on advancing the play-to-earn (P2E) economy. The project aspires to usher in a new era of gaming, where users can not only enjoy their favorite games but also earn money from their gameplay, transforming it from a mere pastime into a potentially lucrative endeavor. The project officially launched on November 4, 2021, although its development journey commenced back in July 2021. Despite its relatively young age, Merit Circle has rapidly amassed a substantial community, boasting over 64,800 followers on Twitter. Merit Circle's current emphasis is on supporting Axie Infinity, the most renowned play-to-earn game featuring monster battles and boasting the highest trading volume. Through play-to-earn, individuals participating in this ecosystem, often referred to as scholars, are not only earning rewards but also acquiring valuable skills that are anticipated to be in high demand as employers increasingly venture into the crypto metaverse. In the project's roadmap, the DAO intends to extend its support to games like Star Atlas, Illuvium, and Hash Rush. Star Atlas, for instance, is regarded as one of the most ambitious blockchain-based games. Illuvium appears to be an upcoming survival game set in an alien world, while Hash Rush is an online sci-fi/fantasy real-time strategy game situated in the fictional Hermeian galaxy. In these games, players engage in activities such as building, battling, and trading as they strive for survival and victory. While the concept behind Merit Circle is not entirely novel, the project itself stands as a prominent DAO with the overarching objective of maximizing value accumulation across various metaverse games. Its platform operates at the convergence of capital, expertise, and players, encompassing investors, platform operators, managers, and, most importantly, gamers. The potential returns offered by the project have the capacity to transform the lives of gamers who engage with it, potentially leading to life-changing income opportunities. Players have embraced the project's value proposition, particularly the scholarship program tailored for them. Presently, there are more than 500 scholars actively participating in Axie Infinity. The Circle of Merit is already witnessing substantial revenue streams, benefiting both the DAO itself and its participants, including players and liquidity providers. Anticipated future growth is promising, especially since Merit Circle DAO plans to explore additional opportunities within the metaverse through new gaming ventures. Moreover, Merit Circle has cultivated a notable roster of partners, including DeFiance Capital, Spartan Group, Yield Guild Games, and others. These partnerships include industry-leading entities that have commended Merit Circle for developing a scalable operational framework capable of effectively onboarding, nurturing, and sustaining new members. Arthur from DeFiance Capital expressed confidence that "Merit Circle will be among the top guilds with significant influence in this realm." All of these partners, alongside a group of angel investors, extended their support to the company during its seed round, contributing to its successful fundraising effort of $4.5 million. As per a Medium post by Merit Circle, the project underwent a comprehensive audit conducted by Quantstamp, a prominent firm specializing in security assessments within the industry. Quantstamp meticulously assessed and evaluated all facets of the project, initially identifying a total of 12 issues. These issues were promptly addressed, and the code subsequently underwent scrutiny by several individual senior developers. Furthermore, Merit Circle initiated a bug bounty program, enabling the community to thoroughly review the code and identify any additional issues that might have eluded standard checks. Merit Circle (MC) made its debut at a price of $2.8. Although it briefly dipped below this price on November 5th, reaching $2.7024, it swiftly rebounded and reached an all-time high (ATH) of $9.55 on November 6th, albeit with some subsequent minor corrections. This performance has sparked a significant question within the community: whether MC can reclaim its ATH and potentially breach the $10 mark. Among the noteworthy recent developments in the project is the introduction of staking, which was officially announced on November 7th. Additionally, the community now has the ability to participate in voting on decisions related to the project's ecosystem. These developments have generated anticipation and interest in the future trajectory of MC's price and its potential for reaching new milestones. Technical Analysis: We have applied the Fibonacci retracement tool, starting from $0 and extending to $7.5, as it has demonstrated more reliable reactions and responses to the Fibonacci retracement levels. This approach serves as a robust benchmark for predicting future support, resistance, and potential price surges. Within our analysis spanning the next few weeks to months, we have established three target areas based on Fibonacci retracement levels: First Target Price (1 TP): $0.85 Second Target Price (2 TP): $1.6 Third Target Price (3 TP): $2.85 Additionally, we have identified two potential support levels at $0.08 and $0.16. These support levels provide essential reference points for our analysis. Moreover, we have marked several resistance areas on the chart, using Fibonacci retracement levels to further guide our assessment. Sentiment Analysis: Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels.
MLong
by BitonGroup
If it rises above 0.3425, the previous high point can be renewedHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (MCUSDT chart) (1W chart) The MS-Signal indicator on the 1W chart has switched to a bullish sign. Accordingly, if the price remains near the current price, it is expected to start an upward trend. If not, and it falls, you need to check if it is supported around 0.1974. (1D chart) To continue the upward trend, it must rise above 0.3425. To do this, the price must be maintained above 0.2921, the HA-High indicator on the 1D chart. If it falls below 0.2740-0.2921 and appears to be resistance, it is in the stop-loss zone as it is likely to lead to a further decline. If it rises above 0.3425, there is a possibility of renewing the previous high. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
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by readCrypto
The Rise of Merit Circle TokenWhile the idea driving the Merit Circle Token is not completely novel, the project itself emerges as a pioneering Decentralized Autonomous Organization (DAO) with the mission of maximizing value accumulation across various virtual games in the metaverse. Its platform operates at the crossroads of capital, expertise, and players – symbolizing investors, the platform itself, managers, and naturally, gamers. The potential gains that the initiative has the capacity to generate could potentially translate into transformative income for a subset of the gamers who are actively involved. The players have acknowledged the significance of the undertaking and the scholarship initiative that has been instituted for their benefit. Impressively, there are presently over 500 scholars deeply engaged in the Axie Infinity game. Substantial revenues are already streaming into the Merit Circle Token, which not only bolsters the DAO itself but also benefits players and liquidity providers. Anticipated inflows are on the horizon, particularly since the Merit Circle DAO is embarking on new ventures within the metaverse by venturing into novel games. In addition, Merit Circle Token boasts an enviable array of partners, counting DeFiance Capital, Spartan Group, Yield Guild Games, and more among its ranks. These and other entities stand as front-running names in the industry, commending Merit Circle Token for crafting a scalable operational mechanism that proficiently nurtures, integrates, and sustains fresh participants. Arthur of DeFiance Capital even expressed his belief that "Merit Circle Token will emerge as one of the prominent guilds with the power to shape the metaverse." Every single partner, alongside a cohort of angel investors, threw their support behind the enterprise during its initial funding phase, culminating in an impressive $4.5 million raised to drive its ambitions forward.
MLong
by SophiaAnderson
Merit Circle MCUSDT Price Analysis (1d)When analyzing MCUSDT, we can observe several reversal signs, notably the presence of Bullish Divergence on both the RSI and MACD histogram. These indicators hint at a potential move for this token. Additionally, we've identified a resistance line that has been attracting sellers since early 2022. As a result, our initial target is a move towards this resistance line. Looking ahead, there is hope for a breakout from the resistance and a possible reversal process later in 2023, but it's still premature to make any concrete predictions at this stage. As always, it's important to closely monitor the price and consider managing risks below current support level at 0.16. _ Merit Circle is a decentralized autonomous organization (DAO) that aims to develop the play-to-earn (P2E) economy. It enables users to earn money by playing games they enjoy, turning gaming into a source of income. The project has gained a large community following and supports popular games like Axie Infinity. It plans to expand its support to other games such as Star Atlas, Illuvium, and Hash Rush in the future. What makes Merit Circle unique is its focus on maximizing value accrual across different games in the metaverse. It provides opportunities for gamers to generate significant income and has established partnerships with prominent names in the industry. During its seed round, Merit Circle raised $4.5 million with support from angel investors and industry-leading partners like DeFiance Capital and Yield Guild Games.
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by Vestinda
$MC/#BTC [#Merit Circle]: Trend_ReversalWe've identified a Trend Reversal on the $MC/$BTC chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 0.00001901 | 0.00002197 | 0.00002745, while the main support levels can be found at 0.00001353 | 0.00001101 | 0.00000553. It may be wise to consider buying at the current price of 0.00001612 and benefit from the trend continuation. - Technical Metrics: -- Current price: 0.00001612 -- 24H Volume: 13.1236 Ƀ -- 24H Price change: 7.324% - Pivot Points - Levels: -- Resistance: 0.00001901 | 0.00002197 | 0.00002745 -- Support: 0.00001353 | 0.00001101 | 0.00000553 - Indicators recommandation: -- Oscillators: NEUTRAL w/: 1 BUY - 2 SELL and 8 NEUTRAL -- Moving Averages: STRONG_BUY w/: 11 BUY - 3 SELL and 1 NEUTRAL --> Summary: BUY w/: 12 Total Buy - 5 Total Sell and 9 Total Neutral
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by Crypto2AF