Take a look at this chart above. Melon (MLNBTC) increased over 200% in price in just two days... This isn't normal and definitely points to something good coming for the altcoins market. (This is a Bittrex coin).
We are seeing altcoin after altcoin breakout with massive gains. The volume is really good and Melon has an additional 5500%+ profits potential, which you can see on the chart above.
- The RSI is now curving up strong after reaching oversold. - The STOCH is also curving up and the MACD has a young bullish crossover. This is the weekly time frame, so these are strong signals.
Let's take a look at daily chart:
- Here there is very strong positive divergence on the MACD, yet we have PLENTY of room left for growth. - The RSI reached January's 2017 levels, it went up strong breaking all resistance on the way. - The STOCH went all the way up to the top. This is definitely a very, very, very strong breakout.
This is what I really like about the altcoins market and cryptocurrencies in general. Crazy (actually, AMAZING) profits potentials that actually materialize all of the time; 200%+ gains in two days, this is massive and this opportunity will be seen all over the market and repeated over and over, with many more opportunities coming all the time to you.
Thanks a lot for reading, and more is available and will definitely become true...
Alan Masters Trades... NAMASTE!
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Namaste.
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MLN continues to go up. Here are some resistance levels:
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Retrace completed. Melon resumes its uptrend.
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MLNBTC is trying to break EMA100 (blue line), it breaks and closes above it, next target is EMA200 (orange line), good potential here:
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