Mlnusdt
MLN LOOKS BULLISHFrom the place we entered "start" on the chart, it seems that our corrective diametric has started and now this diametric is over.
This has been a large diametric for wave B which now looks like we have entered a bullish wave C.
By maintaining the green range, it can move towards TP.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MLN - A Low-Cap Crypto with Massive Upside Potential 💎🔎 MLN is a small hidden gem on Binance and other major exchanges like Coinbase, Gate.io, and Kraken. With a tiny circulating supply of 2,665,562 MLN and a fully diluted market cap of just $53,424,254, this crypto could be a 💎 in the rough.
📈 MLN appears to be in an accumulation phase, trading within a purple rectangle range since May 2022. The white trendline has acted as a solid support so far, but it remains to be seen if it will continue to hold or if a breakdown might occur.
💰 Dollar-cost averaging (DCA) into MLN at these green levels could be a smart strategy. Aim to buy around the green zones and take profits in the red zones, especially between $42 - $49.
⏳ However, keep in mind that this is a weekly chart, so patience and a long-term perspective are necessary.
🚨 As always, do your own research (DYOR) and never invest more than you can afford to lose.
In summary, MLN presents an intriguing opportunity as a low-cap gem with a potentially bright future. 🌟 DCA into the green zones, hold through the accumulation range, and consider taking profits around the red resistance levels. But remember, DYOR and manage your risk wisely! 💯
MLNUSDT.4HBased on the provided market data, the currency MLN (Melon) is currently trading at a price of $17.73 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 30.13, 42.31, and 52.61 respectively. The RSI 4h is indicating an oversold condition, suggesting that there might be a potential price rebound in the short term.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.29, -0.05, and 0.13 respectively. The negative MACD on the 4h and 1d charts indicates bearish momentum in the short term. However, the positive MACD on the 7d chart suggests a bullish momentum in the long term.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 19.73, 21.34, and 20.02 respectively. The current price is below the middle band in all the time frames, indicating a bearish trend.
The support levels for 4 hours, 1 day, and 7 days are $17.44, $16.80, and $16.41 respectively as the first support. The resistance levels for the same time frames are $19.24, $19.73, and $20.80 respectively as the first resistance.
In conclusion, the MLN/USDT pair seems to be in a bearish trend in the short term but has potential for a bullish trend in the long term. The oversold condition in the 4h chart may lead to a price rebound. However, if the price breaks the first support levels, it may continue its downtrend. If it breaks the first resistance levels, it might start a bullish trend.
Please note that this analysis is based on the current market data. Market conditions can change rapidly, and it's crucial to keep up-to-date with the latest information and perform your own analysis before making any investment decisions.
Enzyme (MLN) formed a bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Enzyme (MLN) token with USD pair.
Previously we caught a almost 22% pump of MLN as below
Now on a 4-hr time frame, MLN has formed a bullish Gartley move for the next price reversal.
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.
MLN/USDT - Enzyme Finance: resistance Breakout◳◱ Technical analysis to be included soon, stay tuned!
◰◲ General info :
▣ Name: Enzyme Finance
▣ Rank: 339
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Financial - Asset Management
▣ Overview: Enzyme Finance project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 23.93 ₮
▣ 24HVol: 10,180,607.191 ₮
▣ 24H Chng: 17.882%
▣ 7-Days Chng: 13.10%
▣ 1-Month Chng: 10.03%
▣ 3-Months Chng: -5.66%
◲◰ Pivot Points - Levels :
◥ Resistance: 21.36 | 22.06 | 23.47
◢ Support: 19.95 | 19.24 | 17.83
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.87
▣ Last 90D: -1.52
▣ Last 1-Y: -0.26
▣ Last 3-Y: 1.13
◲◰ Volatility :
▣ Last 30D: 0.47
▣ Last 90D: 0.59
▣ Last 1-Y: 1.02
▣ Last 3-Y: 1.65
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.62 - Bullish
▣ Reddit sentiment score is 0.73 - Bullish
▣ In-depth MLNUSDT 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.
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Enzyme (MLN) formed a bullish Gartley for upto 20.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Enzyme (MLN) token with USD pair.
Previously we caught a nice pump of MLN:
Now on a 4-hr time frame, MLN has formed a bullish Gartley pattern.
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
$MLNBUSDThese Sh1T coins are usually boring until they are NOT.. When they go they go. If you are patient and can set alerts and time as much as you can the tunring point there is profit to be made.
here is an example of something i will be looking for on this Sh1T Ponzi coin...
There is a clear Range that we are trading in marked on the change as "LOCAL-RH AND LOCAL-RL"
Im looking for either Option A or Option B
Option C is it just keep fizzling down into the abyss, if it does who cares.
Option A is my prefereed Option as this is a big range and if it either uses the RANGE low as support il Look for an entry with stops below the range. OR if it break below the RANGE Low and Reclaims.. this is a bullish sign and a place i will look for entry also.
Option B is less preferred, but if it uses the 30Min Range low as support and hold i will look for entry for a quick scalp trade.
Again this may just fizzle to nothing but a lot of these coins usualyy give another swing opertunity after a large move.
patience patience..
$MLN down to $28-$40, then up to $300+?$MLN seems to be correcting in a bearish channel and it looks like we need to set one more lower low down to the $28-40 supports before price will start to move up again.
I'm short term bearish through March-April. Then long term bullish on the project as I think it could see a 600-700% return from those levels.
Let's see how it plays out.
MLN Bullish TrendEverything's are about repeat past
As it can be seen in the analysis, the chart of this currency in the daily time frame is completely bullish and repeating the patterns of falling and ascending in the past.
At present, its price has reached a good entry area, and entering the set price has a good risk to Rivard
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.
MLN inside parallel channel#MLNUSDT
$MLN is trading inside a long term parallel channel with long wicks above that shows this coin is up pumping.
price hold above a support zone that make a triangle with descending resistance.
break out from resistance line will head up #MLN to upper line of parallel channel around $187 (more than 40% increase).
as its history it is possible to touch upper prices by a shadow.
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.