-full retrace complete -double bottom -sellers left
Indicators have been showing bullish divergence for around a month, pretty extremely so now. Whilst divergence has been seen in many alts for the last weeks, this looks like a better set up with the Chaikin in agreement with other indicators. Targets based on fib levels - timing is pretty much guess work.
MUE/BTC has reached the first downside target after the breakdown below the LML. A valid breakdown below the 0.00001067 static support will signal a drop towards the 150% line.
MonetaryUnit 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...
I'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)...
Figured I could get away with a punny title since cows are in the same animal family as bulls. ANYWAYS I'm bullish on the dad jokes in my content; along with the pump power of summertime $MUE's In the past, we go sideways and once $btc takes off $mue will follow. Altseason is upon us.... this might be an ~7X from here. I accumulate these community coins and...
We are for a long time at a strong support level Buy zone: 1400-1500 Targets: 2100 2500 3200 Mid term
You 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
Daily RSI showing bullish divergence, and still within the support area. Watching closely.
MUE is ranging between ~ 1200 and ~ 1800 satoshis. I'll be looking at entering at the same level as my previous trade: very close to support.
MUE has bottomed and is ready for the bull run. this coin always precedes bitcoin in showing the begining/end of a bear or bull run. Stochastic RSI just crossed upward in the weekly.
Volume is rising, Stoch RSI is in the oversold state. We see a possibility of Double bottom formation to be finished on the 4-hour chart. Although BTC fluctuates hard this can be a safe long-term trade, targets are mentioned on the chart
Price at strong support and near ATL, favorable MACD and Stoch RSI on the 1D. Sounds like a winner to me.