MITHUSDT(Mithril) Daily tf Range Updated till 18-07-22MITHUSDT(Mithril) Daily timeframe range. i had some hard time mapping this ALT. cause the chart has been brutally used. lots of movements which is not a bad thing if you think of it. the more a asset moves the higher the possibilities of making profit out of it.
Mithril
MITHRIL (MITHUSDT) correction before more gain ❌🧨Hello 🐋
Based on the chart, we have appropriate amount of the volume for the price and break out of the ascending channel and many resistance areas to the upside ✔️
before
more gain we can see correction to the downside, at least close to the lower Fibonacci supports ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
🆓Mithril (MITH ) Jan-03 #MITH $MITH.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.055$ zone
🔴Buy : 0.06 - 0.055
🔴Sell : 0.07 - 0.085 - 0.1
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.055$ zone
🔵Sell : 0.055
🔵Buy : 0.045
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
$MITH - Pull Back and targetMITH has had to attempts to break through this massively accumulated coin.
3D time frame has held nicely as you can see the GREEN level of support going through the mid range.
The Weekly is showing areas of attack on the Resistance red bar.
Tapped al in all 3 times plus change + a general uptrend still intact.
I am targeting initially 455 SATS with weekly retest again between 245 and 339 SATS as well
Absolutely Beautiful Monthly Formation On Mithril (MITH)The 1M chart here: Broke above 21ma, consolidated and re-accumulated on the 21ma as support, forming a massive bull flag. Now we've broken out of the triangle. 2017 Bull market ATH, to 2020 Bear market bottom is the fib retracement and extension. Top end gives us a target of $5 - $6. About 6500%. The volume on binance will support this move. Extremely bullish.
🔥 MITH Short-Term Bull-FlagLike a couple of other alts, MITH has seen some huge volatility over the past couple of days. After topping around $0.18, MITH was a bearish correction. During the correction, a textbook bull flag pattern has appeared on the chart.
Less than one hour ago, MITH hit the bottom support of the bull-flag and is currently seeing a bounce from it. My take would be that MITH will continue to follow this pattern in the coming day, potentially breaking out within the next two days or so. Be aware that the price might break bearish, in that case the $0.08 area should provide support.
Targets placed at the most recent tops.
Happy trading!
MITH potential to increase 130% to 250%#MITHUSDT
$MITH broke out from descending resistance line and touched the parallel resistance of ascending support, price is still above long term support zone.
you can see the trend lines that support or resist the price.
price can drop 10% - 17% more to touch the ascending support again then head up toward 0.5 fib level of last swing down (130% increase from current price).
Mithril is in a good place for longHello comrades. Today I saw Mithril chart and according to my analysis(SMTS), I saw it in a good place for long.The entry and exit levels are marked in the figure.
Enjoy
MITH/BTC { MITHRIL } - BULLISH SETUPANALYSIS 🔎
- MITH/BTC was bounded in a descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: Breakout above the horizontal resistance level (@0.00000140).
- Limit entry: Retest of the descending triangle's resistance.
TARGETS 🎯
- Horizontal resistance level (@0.00000188).
- Horizontal resistance level (@0.00000234).
- Horizontal resistance level (@0.00000346).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level .
Mithril MITHUSDT - Symmetrical triangle + 2 000% gains!- Mithril MITH Rank #470, Volume 24h $20,569,496
- On the chart we can spot a symmetrical triangle that is currently breaking out!
- Also, a trendline since April is breaking up as well.
- The price is above the 200 moving average.
- Target is top of the trendline or 1:1 trend-based FIB extension.
- Mithril is a gold mine!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
MITHUSDT { MITHRIL } - BULLISH SETUPANALYSIS 🔎
- MITHUSDT was bounded in a descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: Breakout above the horizontal resistance level.
- Limit entry: Retest of the descending triangle's resistance.
TARGETS 🎯
- Horizontal resistance level (0.06071).
- Horizontal resistance level (@0.08806).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level.
Mithril (MITH) forming bullish Cypher for upto 78.5% rallyHey dear friends, hope you are well, and welcome to the new update on the Mithril (MITH) token.
Previously we had a nice trade of MITH token.
Now on the daily time frame chart, the price action of MITH is very close to complete the final leg of bullish Cypher.
Buy and sell targets:
Buy between: 0.00000137 to 0.00000113 btc
Sell between: 0.00000156 to 0.00000202 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000113 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 78.5%, and the loss possibility is 18%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Mithril MITH Almost Time to buying more Mithril 0.027
i'm thinking we will start to see green days
Early next month
Mithril (MITH) formed bullish Gartley for upto 240% moveHi dear friends, hope you are well and welcome to the new update on Mithril (MITH) token with US Dollar pair.
Recently we have seen that the price action of MITH has completed a bullish Cypher with Bitcoin pair:
At the same time, the priceline has formed a bullish Gartley pattern with USD pair as well. There is also 25 simple moving average support in the buying zone.
Buying and sell targets:
Buy between: $0.0784 to $0.0457
Sell between: $0.1042 to $0.1662
Stop loss:
The maximum extent of potential reversal zone $0.0457 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 250% and a high loss possibility of 41%. But at this time the risk is low because the price action is moved very close to the end of the buying zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
$MITHUSDT - Wait for the confirmationHello everyone!
Mithril is about the break the dynamic resistance and escape from the descending channel.
If the confirmation is made, Mith might jump to 0.12
MITHUSDT (MITHRIL) - BULLISH SETUP ANALYSIS 🔎
- MITHUSDT has been on a mid-term uptrend.
- Price action is printing a pennant (P) pattern.
- A pennant pattern is a trend continuation pattern.
- It is a bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
- Market entry : current market price (CMP).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.
MITH/USDT - small cap - big potentialMITH/USDT recently caught my attention as I was looking for smallcaps with decent chart setups and fundamentals that align with potential breakout zones.
With a marketcap of only 80 million right now there's great potential for multiplying your money once it takes off because not a lot of money is needed to move the market and that is also what makes this a high risk - high reward trade, only invest what you can afford to lose and are willing to keep locked in the coin for a while.
Circulating supply and max supply is both 1 billion so you don't have to worry about sudden watering down of the supply or increase of marketcap without moving the price.
Right now we can see MITH sitting right on uptrend support of a big symmetrical triangle on the 4hr chart and also on support from the prior bottom which makes this area a good buy zone in my opinion but we also have to be careful about BTC potentially screwing with those plans which is why I'd recommend to slowly accumulate over time.
MITH recently merged with Corra.Finance to implement Defi and NFT's for MITH which in the current market may cause a big push and spark in interest for MITH.
Corra.Finance will go live today and the IDO for it will be on the 15th of May.
These dates coincide well with the chart setup and make me very bullish on the future of the project.
If you do not want to risk potentially getting stuck in a slow bleed and don't have the patience for a medium / longer term trade you could wait for a breakout first but in this case that would mean buying 50% higher.
No stop loss on this one for me personally due to very thin order books, too much risk of getting stopped out by a wick and then also massive slippage on top of that. Sometimes we also see patterns like this drop down first and breaking out with a slight delay so if anything I'll be adding more if that happens, I've marked the potential re-buy zone in the chart.
Best of luck and let me know what you think!
