MLNUSDT(Enzyme) Updated till 01-04-25MLNUSDT(Enzyme) Daily timeframe range. PA trying to stay above 12.05 which is good if it can it will retrace back to 17.44. market condition is not that good all it needs volume. recent support at 12.05.
MLNUSDT trade ideas
MLNUSDT CHART ANALYSฤฐS - EDUCATIONAL POSTThe NFT Concept
You may already know that each unit of value in a blockchain is called a token. In an open blockchain, all tokens are equal and interchangeable. For example, one bitcoin can be easily replaced with another, and nothing will change.
Non-fungible tokens are a game-changer, which work differently. An NFT is a digital asset that cannot be replaced with another token without changing the value and basis of the object.
Like cryptocurrency, NFTs are created on a blockchain, which acts as a database to record all transactions. The blockchain guarantees the uniqueness, safety, and anonymity of non-fungible tokens. Thanks to this system, any user can verify the originality and transparency of the history of a particular NFT through the blockchain.
When you buy an NFT token, you are obtaining a certificate for a digital or real object. However, the work itself doesnโt move anywhere. You only use its digitized file or a certificate of ownership. Once created or purchased, the token sits in perpetual storage. This certificate is just lines of code that confirm it is the token owner who has the original copy of the object.
An NFT token can be compared to a painting, which may belong to a gallery, museum, or individual, but the audience can see it in a catalog or exhibition.
NFT tokens are sold in online marketplaces that operate like Amazon. The creators put them on marketplaces and wait for bids from buyers.
An NFT token can be created by you or by anyone for that matter. To do this, you need to take a digital object (picture, music, photo, etc.), register in a particular marketplace on a platform such as Rarible or OpenSea, and upload the object with a description and price. You will have to pay a fee for creating a blockchain entry on many platforms. However, the costs pay off in most cases, as NFTs are #1 in the crypto world today.
MLNUSDT %330 VOLUME SPIKE BUT BE CAREFUL!BINANCE:MLNUSDT has observed an impressive 330% increase in volume, indicating a notable rise in market activity. Despite this surge, buyers have not yet stepped into the market, which makes the current price movement uncertain.
๐ Key Approach:
I will closely watch the price as it approaches the blue box zone. This area will serve as a critical level for potential reactions. On the lower time frames, I will look to evaluate and confirm any upward breakouts that may signal buyer momentum.
๐ Why This Zone Is Important:
Volume increases without buyer activity can hint at accumulation or indecision in the market.
The blue box zone will be my point of focus to assess whether buyers enter the market and push the price upward.
Patience and confirmation are essential. I will prioritize stable breakouts supported by volume to avoid false signals and ensure higher probability trades. Updates will follow as the price action unfolds!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I donโt claim to know it all, but Iโm confident in my ability to spot high-probability setups.
My Previous Analysis
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Enzyme is a Great Project IMOI have been meaning to post on MLN for a while. It is a small market cap but a really great project IMO. It essentially is trying to democratise fund creation so that anyone can create a fund that others can invest in. This is a major part of moving from the ponzi that is most of defi currently to something sustainable and I think it has the potential to become a major player in the defi space long-term. Immediate target is just over $100 but long-term could be face-meltingly high. I won't speculate now because there is not enough data but i'm thinking maybe around $3500 at the moment (approx. $10bn FDV)
MLNUSDTWe can attempt to buy MLNUSDT from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
MLN.USDT - 1WThe price is in good condition, you can enter after closing the weekly candle in this area
MLNUSDTWe can attempt to buy MLNUSDT from specified level as it makes HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart
MLN-USDT Starting From the Big Frame Weekly: accumulation for 864 days
Daily Frame: falling wedge patterns were detected with a trend breakout, and we can see previously when the same patterns have taken place how the price reacts,
a good Volume has been dictated at the beginning of the month with high-volatility candles
Multiple retests to the resistance at 18 will lead to a break eventually + the way how the price reacts at the support 14 is good,
TP1- 18
TP2- 22
TP3- 32
Melon Trading At Bottom Prices (New ATH Possible In 2025)Melon (MLNUSDT) is trading at bottom prices and has been moving within a consolidation range since June 2022, a very long time.
Thinking of the long-term, mid- to late 2025, this pair looks good to start accumulating.
The support range that has been activated is the same price at which Melon traded back in late 2020, before a massive 1,465% bullish wave, which is equal to 15X.
Back in 2021, the entire bullish period lasted 336 days. If we consider something similar, from a 2024 bottom to 2025 top, we would be looking for a new high around July 2025. It can happen a few months further down the road as there can be strong variations between cycles. A new All-Time High is also possible even though I am showing conservative targets on the chart.
You can visit the 'Related publications' below for MLNBTC.
Thank you for reading.
Namaste.
50% for MLNMLN has a strong reaction from white 100 MA on 3D chart. I am expecting some red color on the chart during the weekend and then price can take out previous highs. Wait for the dip on new 3D.
NOT A FINANCIAL ADVICE, ALWAYS USE STOPLOSS AND MANAGE YOUR RISK PROPERLY
MLNUSDT(Enzyme) Daily tf Range Updated till 02-07-24MLNUSDT(Enzyme) Daily timeframe range. it had a cool pullback. tried to break 24.21 but need more volume here to move forward. a valid close over 24.21 would give it a nice advantage. local retrace point at 19.97.
Enzyme (MLN), Pennant breakoutOn the above daily chart price action has consolidated for approximately 20 days to form a pennant formation. A breakout occurred today. The pennant breakout occurs on past resistance, which now confirms as support.
The forecast is straightforward enough with the flagpole measuring a 60% move to the upside.
The target area is not to be confused with a market top.
Is it possible price action continues to correct further? Sure.
Is it probable? No
Ww
Type: trade
Risk: You decide
Timeframe for long: 24-48hrs
Return: 60%
MLN LOOKS BULLISHFrom the place we entered "start" on the chart, it seems that our corrective diametric has started and now this diametric is over.
This has been a large diametric for wave B which now looks like we have entered a bullish wave C.
By maintaining the green range, it can move towards TP.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MLN - A Low-Cap Crypto with Massive Upside Potential ๐๐ MLN is a small hidden gem on Binance and other major exchanges like Coinbase, Gate.io, and Kraken. With a tiny circulating supply of 2,665,562 MLN and a fully diluted market cap of just $53,424,254, this crypto could be a ๐ in the rough.
๐ MLN appears to be in an accumulation phase, trading within a purple rectangle range since May 2022. The white trendline has acted as a solid support so far, but it remains to be seen if it will continue to hold or if a breakdown might occur.
๐ฐ Dollar-cost averaging (DCA) into MLN at these green levels could be a smart strategy. Aim to buy around the green zones and take profits in the red zones, especially between $42 - $49.
โณ However, keep in mind that this is a weekly chart, so patience and a long-term perspective are necessary.
๐จ As always, do your own research (DYOR) and never invest more than you can afford to lose.
In summary, MLN presents an intriguing opportunity as a low-cap gem with a potentially bright future. ๐ DCA into the green zones, hold through the accumulation range, and consider taking profits around the red resistance levels. But remember, DYOR and manage your risk wisely! ๐ฏ
โด๏ธ Melon Downtrend >> Consolidation >> Bullish (~500% Potential)Looking at the Melon (MLNUSDT) chart is easy to see how we went from a 'major downtrend' to a 'consolidation phase'. We are now moving towards a 'bullish cycle' which is the last part before the process starts all over.
The bullish cycle will be followed by a new bear market which is characterized by a major downtrend, followed by a period of rest with sideways action with either a downward or upward bent. Some Altcoins produce higher lows within the consolidation phase while others produce lower lows, it makes no difference when it comes to the bigger picture. After consolidation the bulls enter the game with force.
That's the bottom line: We are about to enter a major bullish phase consisting of higher highs and higher lows. This phase can end mid-2025, so there will be plenty of time to join the ride.
Namaste.
MLNUSDT Watch that level1-Apply your own risk management or follow Precisely my management.
2-Daily and Weekly Targets
3-Raise Often Your SL to protect your profits.
4-Use 10% SPOT
5-7% on futures with LEV5
AMEX:MLN IS COMING
MLNUSDT Forming Wave 1 of a New ImpulseGreat project IMO, with long-term potential. Looks like an inverted triangle impulse wave 1 is forming, with the final wave (E) expected to reach a minimum of $40, but could over extend as far as $60. Overall move is likely the B wave of a larger correction IMO (could definitely be wrong!) and I expect it to reach $150 and possibly go all the way close to the 2021 highs before coming down for wave C and to complete the correction before making new highs 2028-2030.
MLNUSDT.4HBased on the provided market data, the currency MLN (Melon) is currently trading at a price of $17.73 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 30.13, 42.31, and 52.61 respectively. The RSI 4h is indicating an oversold condition, suggesting that there might be a potential price rebound in the short term.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.29, -0.05, and 0.13 respectively. The negative MACD on the 4h and 1d charts indicates bearish momentum in the short term. However, the positive MACD on the 7d chart suggests a bullish momentum in the long term.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 19.73, 21.34, and 20.02 respectively. The current price is below the middle band in all the time frames, indicating a bearish trend.
The support levels for 4 hours, 1 day, and 7 days are $17.44, $16.80, and $16.41 respectively as the first support. The resistance levels for the same time frames are $19.24, $19.73, and $20.80 respectively as the first resistance.
In conclusion, the MLN/USDT pair seems to be in a bearish trend in the short term but has potential for a bullish trend in the long term. The oversold condition in the 4h chart may lead to a price rebound. However, if the price breaks the first support levels, it may continue its downtrend. If it breaks the first resistance levels, it might start a bullish trend.
Please note that this analysis is based on the current market data. Market conditions can change rapidly, and it's crucial to keep up-to-date with the latest information and perform your own analysis before making any investment decisions.
MLNUSDT to $60?MLN likely going to $60 IMO - possibly in an extended wave 3 (i.e. quickly); this target is the 0.618 retracement of the range indicated by the parallel channel. It could extend to $69 - maybe in a wave 5 but I wouldn't bet on it.
MLNUSDT - BULLSH 1H TFMLNUSDT is presenting a compelling technical opportunity based on a recent price action analysis. On the 1-hour timeframe, a bullish divergence on the RSI suggests a potential reversal or continuation of the bullish momentum. Considering this, a long position is being considered.
Here's a potential trading opportunity based on this analysis:
Entry: Consider entering a long position at $15.70.
Stop Loss (SL): Set the stop loss at $15.00 to manage potential downside risk.
For take-profit (TP) levels, three options are available based on different risk-reward ratios:
TP 1:1: = $16.40
TP 1:2: = $17.10
TP 1:3: = $17.80
This trade plan is designed to capitalize on the observed bullish divergence and potential trend reversal while prudently managing risk through the placement of a stop loss. As with any trading strategy, it's important to stay informed, monitor the trade closely, and be prepared to adjust your approach based on evolving market conditions
MLNUSDT - BULLISH I'm considering a long position in MLNUSDT at a price of $15.55. My analysis suggests that MLN is showing signs of strength, particularly in a ranging market, as it consistently forms higher highs (HH) and higher lows (HL) based on price action.
An important aspect of this analysis is the absence of any bearish divergence, which is a positive signal. This factor supports the potential for an upward trend.
For risk management, I plan to set a stop loss at $14.70, which helps protect against adverse price movements.
As for my target, I'm aiming for a 1:1 risk-reward ratio, with the initial target set at $16.40. It's crucial to stay informed and be aware that the cryptocurrency market can be unpredictable, so conducting thorough research remains essential before making any investment decisions.
