MTH is Supported with Hammer
Hello Guys. Mr. Trader is here...
Long Review:
#MTH is supported with the Trend Line and we can see a Hammer candlestick near the trend line with the long wick which will tell us that the bulls are controlling the market. If BTC get stable this chart is valuable.
50 Day EMA and Kijo is supporting like a man but 100Day EMA is the main upper resistance. These 2 EMA stuck the price between them which is also good for scalping. Any changing direction between support and resistance will cause breakout moves.
You can review this chart on your own and if you consider it as a opportunity Buy some MTH on 176-179 with the stop-loss of 160. Sell for Short Term on 204, Or long term for 248.
Short Review:
Buy: 176-179
Target 1: 204
Target 2: 248
Stop: 160
Long Review:
#MTH is supported with the Trend Line and we can see a Hammer candlestick near the trend line with the long wick which will tell us that the bulls are controlling the market. If BTC get stable this chart is valuable.
50 Day EMA and Kijo is supporting like a man but 100Day EMA is the main upper resistance. These 2 EMA stuck the price between them which is also good for scalping. Any changing direction between support and resistance will cause breakout moves.
You can review this chart on your own and if you consider it as a opportunity Buy some MTH on 176-179 with the stop-loss of 160. Sell for Short Term on 204, Or long term for 248.
Short Review:
- Hammer candlestick near the trend line.
- Have support of 50 Day EMA and Kijo.
- 100Day EMA is the upper resistance.
Buy: 176-179
Target 1: 204
Target 2: 248
Stop: 160
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.