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MLN

MLN (Enzyme/Melon) - Trade updateI entered this trade at 127 and have been waiting for it to mature. My profit target is currently 267, previous ATH lifted from Kraken. Updating my previous analysis, primarily for my own reference: MLN has shown recent pattern of range double bottoms and pumps. Double bottom in this range recently registered at 127 and now slowly finding its way back up toward neckline confirmation at 144 zone. Enter trade on neckline break, or re-low to 127 Positives: MACD histogram on Daily is showing nice bullish divergence EMA on Daily is looking to reverse from bearish cross EMA on 4H crossing bullish RSI daily trend is currently holding and showing bullish momentum above 50 negatives: Caution that the lower dynamic support is compromised but range is still holding and price is finding some momentum on lower time frames in a bullish expanding wedge (Watch for possible price breakdown to 98,90 range) MLN requires a lot of patience... but then BAM Dump if there is a daily close below 125-127 demand zone.
Long
by jamoooo
4
Bitcoin (BTC) - possible relief rally to trade on Alts?Indicators are showing slim possibility we get a brief relief rally which may cause some short term excitement in some alts. BTC is trading back in the descending channel it established 23 OCT. Will be looking for a break out of this channel and a close on the 4H above the 59500 level (60k will be resistance). Last time we broke from the channel it re-lowed to 59500, possible similar scenario here if we touch the 58k. I have an eye on MLN for a possible pump if this relief rally is confirmed (see related idea). Will be taking any profits prudently, with small positions and setting a super tight stop loss. High risk, Aggressive trade - Not overly recommended! On the 1H (short term prediction!, 2H showing similar, 4H yet to confirm) OBV showing main volumes on Green candles RSI making higher lows MACD making high lows MACD histogram failed to make lower low However! It is Likely BTC gets stuck in this descending channel and breaks below in the next day or so to test the 54k Level.
by jamoooo
MLN - primed for next jumpMLN is squeezing this key level (market orange on the chart) above which it has not managed to close a 4H candle since its last pump in Sept. Daily has just seen MACD cross 0 and bullish momentum. OBV is bullish and trending up. Beautiful j curve forming on the Daily toward this level. I suspect we are soon to see the 4H close above this level and we are off (though with the way MLN moves it will probably already raced 30% by the close). Volatile (risky) but rewarding jump to grab Notice with each major pump the retrace finds support above the Daily close of the previous pump (so likely above 161 after this pump) It could easily get rejected and dumped back towards trend from here, but equal amounts of TA and market sentiment are fueling my enthusiasm. If wider market holds course it will likely be a winner My previous light-hearted analysis has turned serious! (messy chart - posted quickly. post a cleaner version later)
Long
by jamoooo
Enzyme - The strongest survivor of the 2018 bear marketMLN fell 99.3% both vs BTC & USD, in one of the most brutal bear markets. It had very few listings and was essentially only listed on Kraken, until the DeFi summer arrived. Enzyme was called Melon and it was one the oldest, smallest and most well managed ICOs in terms of how they spent their money. They really went through some very tough times and it was one of the projects I've been following for years purely because it was on Kraken and it was one of the oldest ones. Recently Melon evolved and its 2.0 version is much much better than its 1.0 version, hence why it has attracted so many listings like Coinbase & Binance, and before that Huobi. In 2019 MLN had an insane capitulation and then got in 1 year long accumulation zone at extremely low prices. Essentially sellers got destroyed and that's why when Uniswap and DeFi summer arrived, MLN had a monster run. Despite all its major listings it is still below its Summer 2020 highs and was a terrible performed up until the market crashed in May. In my opinion MLN was in accumulation both at the bottom in 2019-2020, but also in April-May 2021 as some people within Coinbase knew the listing was coming. The reason is that it showed a lot of strength and had a huge spike when the listing got announced, and those spikes keep occurring. Something very important to note is that it keeps having some major spikes that then tend to reverse, but not completely. Each time they are forming an equal or a slightly higher low and this way it keeps pushing higher. Now that it has formed a double top at 0.005-0.0055 and it has found support at 0.003-0.0035 (strong resistance turning into support), it could soon have another major spike to the upside. Of course due to the fact that the market overall does look a bit shaky and we could get a major correction either due to regulations or due to a stock market correction, MLN might take a hit in the short term, but it is definitely one I'd be paying attention to and want to add on dips.
KRAKEN:MLNUSDLong
by BitcoinMacro
2
Melon MLN Insane Percentage Increase %14000 - 30K TargetI have no technical or fundamental analysis for this prediction other than what you see on the chart and there being very low available supply. The potential for large holders to run this up into astronomical numbers is real. The tech is good. This brings the idea of DEFI to an entirely different level, Check out the tech. It's DEFI and we all know what's going to happen there. Up up up... Some of my insane predictions have been known previously to come true wether people like it or not. Do your own Due Diligence. ---This is not trading advice.
KRAKEN:MLNUSDLong
by CRYP7OR48817
6
MLN ( enzyme ) bull chart 11th of July 2021Hi guys, I'm starting to buy spot around this area. The Fibonacci 3.612 extension would suggest that we might get to see MLN at the 180$ levels in the next 60 to 90 days. This evaluation might be underrated since the availablel supply is situated just under 1.5 mil coins. Also it just got listed on Binance last week so I'm expecting a great increase in the overall volume. Bull div on the RSI on the daily. Not financial advice, DYOR
Long
by Robi_Nitu
🆓Enzyme (MLN) Aug-4 #MLN $MLNThe selling pressure of MLN is not too strong but because MLN has increased so strongly in the past few days, the weakening of the buying power is predictable. Currently, the MLN has conquered the $100 zone so in the next few days it will continue to accumulate then rally again to approach the $130 and $160 zones. However if it loses the 85$ zone it will be bad for MLN 📈BUY 🔴Buy : 97.5-102.5$ if A 🔴Buy : 83-87$. SL if B 📉SELL 🔴Sell : 127-133$. SL if A 🔴Sell : 156-164$. SL if A ♻️BACK-UP ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
2
MLN-USDT - Pumping PotentialNote : If you have any questions, feel free to send me message Please give your comment/idea. Thanks Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox). Pra Trading : - Please care for Money Management - Have a good psychology - Do not be hurry to open position and do not do nothing if u see opportunity - Evaluate and upgrade your trading plan Execution Strategy : - Know what you want to buy, see the Fundamental - Decide that you are on investing or speculating - Consider what your strategy based on Investing/Speculating - Make Road Map Of Your Trading Plan - Decide a. Entry strategy b. Cut loss c. Target of Profit Post Trading : a. Do not be sad if you loss or do not be very happy if you win b. Just become a normal without emotion, Do not put emotion into your trading c. Evaluate your trading d. Keep on Learning e. Be Humble Idea : MLN-USDT - Pumping Potential ------------------------------------------ About Us : MultiAssetXplorations is traders that explore and trade multi asset such as Stock, Forex, Crypto, Options, Future, Commodities , Indice, etc. If you have any
by MultiAssetX
2