DAY TRADE 026BYBIT:MULTIUSDT.P
Today I've hit multi purely for the fact that it is reacting off the $1 mark and the volume is starting to sky rocket... I could probably get more than a 1:5 but I'm being honest with myself and letting my consistency take over here.
MULTIUSDT
MULTI/USDT BINANCE:MULTIUSDT
This idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 0.5% on deposit
- R/R 1/2
P.S ( This is not an investment recommendation, this is my personal opinion .
Potential Bullish Butterfly pattern - MULTIAfter hitting the gartley targets overnight we can see a potential BULLISH BUTTERFLY pattern forming on the hourly time frame, remember to take profits if needed. We can still pump up slightly to $2.50 - $2.80 before we come back down
Bear in mind this token is trading at $1.10 on many other exchanges so a dump could well be the next big move here
Congrats to anyone that profited from the last move up!
It was a tough trade to take and my gartley was slightly off for entry but the result was achieved nonetheless
Targets for a potential reversal zone sit at around $1.04
A spike up during the US trading session would seem likely before they move lower to complete this pattern as based on institutional trading they like to sell at the highest price possible
Trade signal | Multichain (MULTI) almost ready for upto 12% pumpHi dear friends, hope you are well, and welcome to the new update on Multichain (MULTI) with Bitcoin pair.
Recently we caught almost 15% pump of MULTI as below:
Now on 4-hr time frame, MULTI has almost completed a bullish Cypher move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MULTI/USDT - Multichain: BBand_Breakout◳◱ A Bollinger Band breakout has been identified on the OSL:MULTI / CRYPTOCAP:USDT chart, as the price has breached the upper Bollinger Band. This occurrence suggests the emergence of a potential bullish trend. Noteworthy resistance levels can be observed at 2.584 | 3.057 | 3.949, while significant support zones are located at 1.692 | 1.273 | 0.381. It is advisable to contemplate initiating a buy position within the present price range of 2.281 with the objective of attaining higher price levels.
◰◲ General info :
▣ Name: Multichain
▣ Rank: 429
▣ Exchanges: Binance, Bybit, Huobipro, Mexc, Hitbtc
▣ Category/Sector: N/A
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 2.281 ₮
▣ 24HVol: 5,588,260.045 ₮
▣ 24H Chng: 7.341%
▣ 7-Days Chng: 74.73%
▣ 1-Month Chng: -5.11%
▣ 3-Months Chng: 19.96%
◲◰ Pivot Points - Levels :
◥ Resistance: 2.584 | 3.057 | 3.949
◢ Support: 1.692 | 1.273 | 0.381
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -22.27
▣ Last 90D: -18.80
▣ Last 1-Y: -12.60
▣ Last 3-Y: -14.33
◲◰ Volatility :
▣ Last 30D: 3.47
▣ Last 90D: 3.09
▣ Last 1-Y: 2.00
▣ Last 3-Y: 1.64
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.15 - V. Bearish
▣ In-depth MULTIUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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🔥Do You Believe in $14 for MULTI❓MULTI fell by -92% on it's service unavailability. It made a pullback by 210% and now is making a falling wedge (bullish pattern).
I assume that it will start to grow after some consolidation inside this wedge (maybe good news about resumption of work) and Bitcoin consolidations or growth.
💥 The targets are on chart.
like❤️ and follow
Check the links and get a BONUS from me👇
MULTI looking bearish hey all after we made a good profit in SOL & BTC, i think it's time to made another profit in MULTI u can short MULTI using 3X to 5X.
MULTI/USDT - Multichain - Opportunity or scam ?Multichain (MULTI) is currently undergoing a dynamic phase in the cryptocurrency market. Here's a brief analysis:
Fundamental Considerations:
Multichain (MULTI) is a cross chain router protocol with 93 chains integrated. It has a market cap of 30M$ and a 4M$ trading volume over 24 hours.
In July 2023, there was an incident related to a possible exploit or security breach associated with Multichain, causing the price to fall -40%.
Technical Overview:
Price went up 130 % in just a month from All-time low, and is down 90% from All-time high.
However price has made lower highs for the last 2 weeks, approaching the 200 EMA support with a reversal bear probability of 90% looking at moving averages.
My personal take:
It's just another shitcoin that's probably going down to zero. It was fun scalping it the last two weeks. Now I'm waiting to see what direction it takes, if the support will hold or not. Right now I am pausing trading on this coin until a clear direction is shown. I will keep you guys posted.
MY QUICKEST WIN TO DATE.BYBIT:MULTIUSDT.P
This one was an unexpected heart racer! i set my trade up over the last day or so before and went and did my normal thing (gym, day job, etc..) you know came home andsat down later on that night and didnt catch any notifications, alerts, etc.. i was sitting there just going where is my trade and what happened here.. so i open my phone and bam! one 15M candle straight through the roof!!! my quickest trade yet!! lets go, eyes on the prize.
MULTI Preparing for a Bullish Rally | MULTI/USDT Analysis💎Yello, Paradisers Attention on #MULTIUSDT! Having recently escaped a descending channel, the asset is aligning for a potential bullish journey.
💎The VRVP is a pivotal factor in this optimistic outlook, acting as a solid foundation of support. The substantial trading volume observed is further intensifying the bullish wave.
💎In the distance, a significant supply zone is emerging, which the price is poised to interact with and possibly neutralize. This interaction could be a pivotal point for MULTIUSDT.
💎If the price descends below the VRVP support, we could witness a bullish resurgence from the $2.17 level. However, considering the volatile nature of the market, a break below this point could open the gates for a shorting scenario.
💎Stay informed and watchful for more updates and insights!
Note: We are well aware that Multichain services are unavailable to the users. But we are seeing a huge interest from the whales so you need to practice caution.
Multichain (MULTI) forming bullish Gartley for upto 30.50% pumpHi dear friends, hope you are well, and welcome to the new update on Multichain (MULTI) with US Dollar pair.
Previously we caught almost 15% pump of MULTI as below:
Now on a 4-hr frame, MULTI is about to complete a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MULTI: Deep Dive into Technical AnalysisGreetings Traders,
In today’s discussion, we’re focusing on MULTI, a compelling participant in the crypto market. Currently, MULTI’s market price stands at 5.19.
Significant Technical Observations
An in-depth analysis of MULTI uncovers several key insights:
1. Relative Strength Index (RSI) and Stochastic: The RSI sits at 61, while the stochastic reads 91, indicating strong bullish sentiment. However, the high stochastic suggests potentially overbought conditions and the possibility of a price correction.
2. Bollinger Bands: The current price of MULTI is positioned between the middle (3.9) and upper (4.98) Bollinger bands. Prices near or exceeding the upper band may signify an overbought market.
3. Volume Oscillator: The volume oscillator is positive at 35%, showing a bullish volume trend.
4. MACD: The MACD value is currently negative (-0.35), suggesting a bearish indicator unless the MACD line crosses above the signal line.
5. Fibonacci Levels: The Fibonacci levels for the 4-hour timeframe are spread at various points: 4.41, 5.03, 6.03, 7.03, 7.65, 8.15, and 8.65. These crucial levels could act as potential support or resistance points.
6. EMA 100: The 100-period Exponential Moving Average (EMA) is situated at 6.43, above the current price, and could act as a dynamic resistance level.
7. Solid Support: There is a substantial support level identified around 3.21. This level could potentially act as a robust price floor in the event of a downturn.
Closing Remarks
With these indicators in view, traders are advised to keep a close watch on MULTI for potential trading opportunities. The interaction between price movements and these technical indicators may provide key insights into future market trends.
As always, trading involves risk. Conduct thorough research and consider your risk tolerance before making any trading decisions.
Stay tuned for more updates on MULTI and other digital currencies. Here’s to profitable trading!
Buying MULTI here for a scalp RISKYHello everyone, i am going through the charts and i can see that MULTI has dropped hard today so there should be 10-20-30% bounce today or tomorrow. Lower TFs are oversold which is good thing. This one is very risky so put your SL in place.
NOT A FINANCIAL ADVICE, MANAGE YOUR RISK AND USE STOPLOSS
MULTI/USDT BINANCE SPOT LONGHi guys as you can see in the chart that head and shoulder pattern has been formed
Current price 4.15
MULTI will fallmulti has rejected from the daily trend line now it will fall till the previous daily support .and also the overall trend is a downtrend.
Multichain (MULTI) formed bullish Gartley for upto 21.50% pumpHi dear friends, hope you are well, and welcome to the new update on Multichain (MULTI) with US Dollar pair.
On a 4-hr time frame, MULTI has formed a bullish Gartley pattern. At the moment the priceline is slightly moved up, therefore, we can wait for some price correction to buy it from the potential price reversal zone.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Multi looks like multi gains from hereI'll tell you wen to sell
multi has multi good use case
cheers
mtlusdtmultiusdt on 1 hour chart bullish move is gonig on
looking for more strong up move to confourm the trend
MULTI falling wedge#MULTI/USDT
$MULTI broke out descending resistance and shaped a falling wedge pattern.
🐮 break out from falling wedge can increase price toward resistance zone around $13.5 and in midterm price have potential to reach fib levels of whole swing down.
🐻 rejection from upper line of wedge can drop price to lower line which is the same with support zone around $11.7, then price head up to break out wedge.
MULTI/USDT - Already !Binance Labs Leads $60M Financing Round for Multichain
2021-12-21
Main takeaway:
Binance Labs led the recent $60 million financing round for Multichain, which recently rebranded from Anyswap.
In addition to financing support from Binance Labs, Multichain is also building a partnership with Binance Smart Chain (BSC).
The funds will be used to support the Multichain ecosystem and its internal teams, including R&D, Audit and Service.
