MonetaryUnit VS Bitcoin Triangle PatternMonetaryUnit has established a strong bottom at 1270 satoshis level. This support has been rejected multiple times, nevertheless, MUE/BTC failed to break lower. At the same time price stays below the downtrend trendline as well as 50 Moving Average.
MUE seems to be trapped within the triangle pattern, and at this point there is no confirmation of the price moving up. But, break above the 1600 satoshis resistance level could be that long waited confirmation of the uptrend.
At the same time while price is lower 1600 level, the downside risk remains. MUE/BTC could potentially decline towards 1k satoshis psychological resistance, which might be a better entry point for those who wish to buy.
Monetaryunit
MUE,little known gem undergoing serious accumulation. x2 is easyI'm a big fan of Wyckoff and his theories make it so easy to play out stocks that have bottomed out.
It's simple, buy coins that have bottomed out, are not making any further lows, but aren't really doing much either and have picked up their volume, because then, cause > effect, meaning a change/reversal is imminent
MUE meets all 3 criteria.
1) Low volatility
2) Not making any lower lows, but not making any higher highs.
3) Volume picking up as denoted by the yellow MA on the volume.
These 3 criteria put this coin into Wyckoff accumulation and that we are currently trading inside a trading range, where shares are accumulated by certain interests.
A detailed Wyckoff chart will be provided below.
On the weekly, since daily and lower don't tell me anything, due to minimal volatility is showing me some IMMENSE MACD bulish divergence with weekly MACD crossover that had already occurred. RSI, is useless here on weekly timeframes and below for long term swing traders because price has been so stagnated, almost guarantee RSI would be floating around 50 and not moving much from there.
From a volume perspective, buy volume is absolutely destroying sell volume typical of a bullish accumulation.
Movements in the trend (bull) often have more volume than movements against the trend (bear).
The only direction for the coin to go is up.
This is very very very strong support we are sitting on, that said, failure to hold this level would see us at 133 sats (from a current 1400sats). Not completely likely, but this is crypto and anything can happen, I mean people still believe that XVG is a good coin.
Fundamentally speaking they are almost completed 2 of their ongoing projects with both:
1) www.muex.io at 80% completion (forex, amazon listings and web hosting)
2) www.muegs.com at 80% completion (gaming service)
Instructions:
Buy in now up to 1550 sats.
Risk to reward is immense keeping a stop loss at 1000 sats. (previous swing low, denoted by a thick yellow circle)
Sell:
1) 2962
2) 3676
3) 4724
No need for Wave analysis yet, been adjusting my style to put Wyckoff at the top of my priority and Wave analysis a few rungs lower, after support and resistances.
MUEWe are for a long time at a strong support level
Buy zone: 1400-1500
Targets:
2100
2500
3200
Mid term
MUE yummy sushi ;) Eat it up to 140% profitsYou have to be there soon after breakout;)
Targets:
0.00002266
0.00002838
0.00003300
0.00003762
Stop loss: For now 0.00001200, After reaching targets use previous target as sl
MUE/BTC BTRXMACD
1h,1d - looks good
3h seems to reset
Stoch RSI
1h, 3h, 6h - looks good
Ichimoku
1h - trading under the cloud
6h may touch the cloud
1d trading in the cloud
everything on 3d and 1w looks promising
will buy on wave 2 and sell at previous resistance levels
MUE Price Analysis Key things to note from the chart:
- Price has challenged each Fib level respectively
- Price hanging between 100 Day MA (support) and 200 Day MA (Resistance)
- Market patterns show substantial moves every ~50 days (vertical lines)
Entry would be relatively safe at this level with decision time (1/6-1/7) right around the corner.
If my picks help you out, don't hesitate to share the love!
Eth: 0xF6451592D017dd29111d97b21F108F1e566F60b6
Btc: 3Qxd68TUeA3uVNSXizmDCbx5KhNUqngD7D
This is not investment advice, just my perspective on things.
MUE Takes the High Road?Take this analysis with a grain of salt as it is just an idea. I was surprised to see the price maintain a somewhat sideways trend despite the attacks this summer so the hodling continued.
Any feedback as to why you believe this asset is crippled and fundamentally lacking would be greatly appreciated.
Thank you.
$MUE to bounce up from long term support at 3000Long term trend at 3000. Pitchfork pattern shows target around 5000 in mid-september
Masternode coin MUE targets for September/October bull run.With Bitcoin's recent rise to about $4000, we can expect a new alt coin season. In fact DASH and ETH have already started, as well as BCC. Masternode coins have always been especially susceptible to pumps because the whales that own the nodes need more transactions to produce more money.
Recently we saw all master node coins pump, and along with "platform" coins, are consistently the highest returning coins.
Long and Hodl.
