MTHUSD
MTH/BTC (Daily Breakdown Confirmed?)💎Technical Analysis Summary💎
BINANCE: MTHBTC
-MTH broke its key level of support around the 50s sat
-If this daily candle closes red on engulfing momentum
-This is a strong Bearish signal and will lead to downward action
-The immediate support is located around the 44s sat area
-Let us see if the Bulls can defend the level of support
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MTH/BTC (Bearish Double Top?)MTH/BTC
-Monetha is likely confirming a Bearish double top pattern
-As the price, today is breaking local support area
-The key levels to be watching is around 74 sat range
-This is a confluence of major support area before
-Plus, the .618 Fib coincides around this region
-The chances we can see a bounce reaction is high
-But always follow basic reversal signs before opening an order
MTH/BTC (Respecting the 50D MA)MTH/BTC
-this coin keeps respecting the 50D MA including the ascending trendline
-we can see a small descending trendline which as current resistance
-if this level can be broken and a good retest after
-that will be a good entry zone to Buy
-your target is up to 150 sat zone
-stoploss is placed under 50D MA
Sideways moviment on MTH/BTCHello, traders.
Apparently, for this asset, we have broken down a bullish channel, and we are currently accumulating after this break, my thought is that we can start a sideways movement for this asset in the coming days.
Only will look bullish above the 90 satoshis area.
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MTH/BTC (Bullish Pattern?: up to 80 profit target)MTH/BTC
-trading inside this bullish descending channel
-has the potential to signal an RSI bullish divergence
-awaiting breakout of trendline resistance
-upside target is up to 140 sats
-potential stoploss is below 68 sats
MTH/BTC - a lot of talk about the coin.a lot of talk about coin in different chat rooms.
I used to be able to get a good profit percentage.
Split 1% on the deal.
buy after level breakage
MITHUSDT formed bullish Shark | Upto 19% move expectedThe Priceline of Mithril (MITH) has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of Mith price action's moves:
After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (here i have ignored the extra spike) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.00776 to $0.00742
Sell between: $0.00813 to $0.00888
So this trade has potential to produce upto 19% gains.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
MTH/BTC TA Update (Key Support Broket, Retest Swing Low?)MTH/BTC
MTH broke key support plus the 0.786 Fib level, with this kind of bearish action on the 1 Day time-frame.
I expect further down-side to retest the swing low at 100 sats and RSI to hit oversold conditions during the downfall.
MTH Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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#MTH / #BTC Low Risk High RewardMonetha attempted to penetrate the cloud, but was rejected. That being said, there is a clear uptrend, and this trade has an extremely good risk:reward.
I would look to buy along diagonal support highlighted by buy zone. The ability to close a few daily candles inside the cloud could see a very quick 2-3x as indicated by the flat top of the cloud.
Stops should be placed if price falls below diagonal buy zone for extended time.
