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Mithril

MITHBTC | S/R Flip | Trend Reversal | Inverse Head and ShouldersToday analysis – MITHBTC – Forming a higher low, consolidating above daily support validating a long trade to technical targets above. Points to consider: - S/R flip Retest (trend reversal) - 100 EMA (support confluence) - Inverse head and shoulders - Low volume - Oscillators neutral MITHBTC trading in a healthy uptrend forming a lower high with a valid S/R flip retest of daily support, establishing a bullish bias with signs of a macro trend reversal. Price breaking above and respecting the 100 EMA allows for an additional layer of support. Holding above the MA is bullish, supporting the bias for a trend continuation. A valid inverse head and shoulders (bullish trend reversal pattern) is also in play as price holds above the neckline coinciding with daily support. Volume has tapered off and trading below average, an influx is essential as price gravitates towards daily support to avoid any false breaks and restore strength in the anticipated trend continuation. Both, RSI and Stochastics are testing the 50 levels as volatility contracts. Although further price action will allow for directional bias, it is essential oscillators hold above 50 to maintain a bullish bias. Overall, In my opinion, a long trade is validated as MITH retraces to daily support with technical targets above - defining risk (SL) at the previous swing low. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
MLong
by Kudiiee
2
MITHUSDT formed bullish Shark | Upto 19% move expectedThe Priceline of Mithril (MITH) has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of Mith price action's moves: After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (here i have ignored the extra spike) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $0.00776 to $0.00742 Sell between: $0.00813 to $0.00888 So this trade has potential to produce upto 19% gains. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
MLong
by moon333
MITHBTC - Falling Wedge and Bullish DivergenceAs we've seen that MITH had forming Falling wedge and Bullish Divergence, good volume, not pumped yet during this beggining everyone said "alt season". Good place to buy is at Range Low : 0.00000151 Price Good place to sell is at Mid and High Range : 0.00000165 - 0.00000187 Price Good place to set stop loss is below the Range Low : 0.00000147 Price Note : This is my personal opinion and it must not be taken as financial advice or guidance to base your actions. It is necessary for you to perform your own research or analysis before you do anything with your money, Thank you for reading.
MLong
by deSteyns
[MITHBTC](284%) Mithril Crypto Signal, Up to 785% PProfitsFor all our great followers, readers and supporters... Here we are sharing a trade signal for Mithril on Binance, hoping you collect great profits. Thanks a lot for the continued support. ------------- PAIR: Mithril (MITHBTC) BUY: 0.00000270 - 0.00000290 NEXT SUPPORT: 0.00000240 - 0.00000255 TARGET: (1) 0.00000380 (2) 0.00000450 (3) 0.00000575 (4) 0.00000665 (5) 0.00000785 (6) 0.00000905 (7) 0.00000990 (8) 0.00001115 PROFITS POTENTIAL: 284% (Up to 785%) (Buy calculated at 0.00000290) STOP: Close weekly below 0.00000210. ------------- This is not financial advice. All information is shared for learning purposes only. Namaste.
MLong
by AlanSantana
6
MITH survive the BTC Bulls nicely! Morning Setup for atleast 6%Trading Signal - BUY My buy price - 705 My (Trailing) Profit Take - 746 (2% Deviation) My Stop Loss - 675 For both my Profit / Stop I use a so called Trailing Profit Take or Trailing Stop Loss to Maximize my ROI! This is made possible by 3Commas.io A very easy to use solution for automated trading. If you want to contribute please use my referal link 3commas.io -10% Discount on the first purchase of subscription. When you do, I'am always available for questions! Take a look at My Twitter and follow for direct notifications of new signals!
MLong
by Riptonair
1