Moeda Loyalty Points (MDABTC) About to Break Its All Time HighI was tracking the bull run for Moeda Loyalty Points (MDABTC), and this one just keeps on going.
Just as we (me and you) keep sharing and mentioning how the altcoins are exploding, this is more proof. The already mentioned higher highs and higher lows, and now this and many others incredible runs for the altcoins...
From 50 to 100%. Some from 200 to 500%.
- MDABTC has generated over 580% profits within one week and it is only 22% away from reaching January's all time high.
- Volume is exceedingly higher than ever. And it just keeps on going.
How long will this go for?
I don't know. But this is really good news, because if other altcoins follow, which is already happening, we might be looking at the bottom for sure.
What's your take?
Is the bottom set for the altcoins market, or is this 200-300% run a fake?
Please leave your opinion in the comments section below...
Namaste.
Moeda
Moeda Loyalty Points 400% rally could have come to an endBy looking the recent sharp rise in price, the question arises; what is MDA and what has been driving the price up to the current price?
Moeda (MDA) is platform for local businesses seed funding. All projects are being selected by Moeda and must meet the UN sustainable development goals.
Back in August, MDA/BTC bottomed out at 5367 satoshis, after which price started to move up, breaking the downtrend trendline. At that time, Moeda released the first seed project, which could have been the fuel for the token growth. Up until mid September, price has been rising sharply and has reached 14,000 satoshis high. Then price corrected down, nearly to the previous low, however yet another rally has started on the 7th of October.
The second rally has been much stronger, resulting in the exponential increase in price. In just 6 days, MDA/BTC gained over 300%, totaling a 400% growth since August.
Today MDA tested a 26,685 satoshis high where it bounced off the 261.8%. As the resistance is holding, Moeda is likely to take some rest and correct down. The nearest support is a 161.8% Fibs at 19k satoshis and price is expected to consolidate between the support and resistance.
However, clean daily break and close above the resistance could push price further to the north towards 34.5k sats resistance or even higher. But, considering the fact that RSI is already in overbought condition, it is reasonable to expect the correction.
Fibonacci Time Zone show, that the next cycle is starting around 17th of October that could be the decision making time; either to buy more MDA or liquidate the token.
Moeda Loyalty Points (MDA) Surpasses January's Volume [600% PP]The next altcoin to breakout is Moeda (MDA), and the volume is huge.
We are looking at the highest volume since January, and soon MDABTC will surpass January's top volume on the daily candle. Needless to mention that MDA reached its all time high in January 2018 and we are seeing even bigger volume today.
Note: The daily candle is yet to close, but at this rate we will have the biggest volume bar on the daily candle... This is a bullish development.
Which altcoin will explode next?
Position yourself now before the bull run...
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Your support is highly appreciated.
Namaste.
Moeda Loyalty Points Could Rise by 90%On the 27th of June, Moeda found the bottom at USD 0.37, where it rejected the lower trendline of the descending channel. Price then went up and broke above the 50 Moving Average ,although the upper trendline of the descending channel was rejected.
MDA/USD corrected down and found the support at 61.8% Fibonacci retracement level, that is USD 0.48. And today, after bouncing off the Fib support, price went up and broke above the 50 Moving Average and the descending channel, suggesting further correction up.
The very strong resistance is seen at $1, that is a key psychological resistance. This level is confirmed by two Fibonacci retracement levels, 61.8% Fibs and 461.8% Fibs, applied to the current corrective wave down. Break above $1 could establish a long term uptrend while rejection should result in a strong wave down.
On a downside, if MDA will break and close below the recent low at $0.47, price could go down towards the $0.37 support to establish a double bottom, or potentially continuation of a downtrend.
Moeda sitting on a cluster of trend lines crossingIn my opinion MDA is a lucrative investment as both a coin to capitalize with by ‘shorting the market’ and selling on the drops and buying back in the dips or also as a coin to keep in your portfolio as it is.
MDA which is also known as Moeda, has IBM not as its only, but as one of it’s key strategic partners. MOEDA is a Cooperative Crypto Credit Banking as a Service Platform designed to Distribute Impact and Provide Community focused mobile lending system powered by blockchain, available and built for everyone. It’s purpose is to provide a multi-purpose digital identity and opportunities to build creditworthiness, reputation, and good standings.
Moeda offers simple peer-to-peer payments and a peer-to-peer remittance network to help drive entrepreneurs toward their goals. From micro business loans to large crowdfunded initiatives, the Moeda digital token, the Moeda platform allows underbanked entrepreneurs access to fast payment ecosystem and personal business loans using blockchain based Android and IOS applications.
MDA possible breakoutPossible breakout.
Buy in: 0.0001500-0.0001640
Stop loss: 0.0001400
Profit targets:
1-0.0002800
2-0.0003500
3-0.0004600
4-0.0008500
Just a TA, nothing fundamental behind.
Good luck!