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Modum

MOD/BTC – Modum = momentum. Trade possibility.In tandem with the overall crypto market, Modum has been crushed as well – losing over 70% of its value. On March 20, we broke out of the downward trend channel that started at the top beginning of January. That was a nice buying moment – albeit I didn’t write about it (can’t be writing all the time can we :-) ) Nevertheless, the new upward trend channel provides some trading opportunities, and in the meanwhile, we just need to keep an eye out on trend reversals. When we zoom in on the graph, we see a nice upward trend channel with up-and down spikes in nice triangle formations. They are always accompanied by a bullish cross in the MACD and in the Chande Momentum Oscillator. Given that we are back at the down part of the trend channel and that we are closing in on a new MACD bull cross, we are likely getting ready for another run up. Targets Place your targets near the Fibonacci lines drawn and cover your position. Fibonacci levels (we’re currently at the 2967 or 38,2% level): - 2851 sat (23,6%) - 2967 sat (38,2%) - 3016 sat (50% level) - 3154 sat (61,8%) - 3287 sat (78,6%) Obviously, we absolutely want to have a stop loss for when we would break out of the trend channel, so place those accordingly. Notice that there is a lot of remaining upward potential apart from the shorter term targets mentioned here. Moreover, we are getting closer to a triangle formation with the support line of the current trend channel as a base! Zoom out of graph for more targets: Triangle formation on the channel support: Conclusion: Place your targets near the upper Fibonacci horizontals, cover your losses near the lower Fibo's and there where the trend would be broken. Or just go up with it as long as the trend is friendly! PS: not to be considered as formal trading advice, DYOR Feel free to like if you like the post :-)
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by A_Cryptastic_Mind
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Modum UpdateMy Last post was more for educational purposes. This one will be a bit more technical. If you are looking for education check the related articles. As this is a pretty new coin we haven't established many support zones. At the moment of writing we are in a free falling zone with no real support until around 18k sat. My general approach to this coin is to wait until we have established a solid bottom and this can/will take some time. So 'till then i'll be waiting.
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by UnknownUnicorn529572
Modum - One of the most promising blockchain solutionsModum is a very anticipated blockchain project. With their pharma first strategy they have made a very wise decision: They help the pharma producers to record environmental conditions while the product is in transit to the distributor or consumer. Thus serving a very big sector in the economy. They do this using their own sensors (which already exist and work) which senses only temperature at the moment but they say that they could easily add functions such as humidity sensors or photo sensitive sensors. As the European Union came out with new regulations which say that all pharmaceuticals need to be supervised during transit concerning temperatures. Modum is currently running successful pilot tests with big pharma companies and last mile logistics provider in Switzerland. Reasons for massive success for them and investors: Very Early Stage: The ICO has been in 2017 Q4. Market Cap sits at approximately 50 Mio. USD and has multiple billion dollar potential. Look at competitors such as Vechain or Walton Located in Switzerland, Zurich in the middle of Zug and Basel. Zug is the so called Crypto Valley and Basel is the Europes main vessel for big Pharma corporations. Besides that I don't think that I have to mention the Swiss quality. (Oops just did) Their Pharma First Strategy. After the successful implementation in this sector their vision is to launch in multiple other sectors such as Healthcare, Chemical Industry, Heavy Machinery and even in the Food sector. The MOD token serves as a vote and a profit right in the company. What are your opinions on this project? Do you think it can be long lasting? Have a look for yourself modum.io
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by UnknownUnicorn529572
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