[Binance] Moeda Loyalty Points (MDABTC) Gains 158% in 3 weeks!Moeda Loyalty Points (MDABTC) has increased by 158% in price since touching bottom on August 13th. This is a huge increase in price and the charts are showing that this token continues to have good momentum.
Let's take a look at the daily chart:
- The RSI is already overbought, so prepare for the retrace.
- We are at the top of the Bollinger Bands which push the price down (retrace).
- Indicators are on the bullish zone and will need to retrace and consolidate if MDABTC is to continue moving up.
- Bullish crossover of the EMA lines with huge momentum, growth and strength.
Here is the weekly chart:
- We have good volume on the weekly.
- The indicators are showing good bullish sentiment building up and still plenty of room available for growth.
- This one has been going up 3 weeks straight.
- Late June was the loading phase.
- All time high is set @0.00048612.
- 250%+ Profits potential from current price to all time high.
Note: This is no trade advice.
Thanks a lot for reading.
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Alan Masters here...
With lots of LOVE!
Namaste.
Moedaloyaltypoints
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.
