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MDA

MDA: Break Out or Die!Hi friends! Welcome to this $MDA chart analysis $MDA is on a very nice Symmetrical Triangle formation that has started to form 3 months ago. The pattern height is very tall so expect a huge target once direction of the breakout is confirmed. This will likely give 140% maximum profit. The tricky part is that the breakout could go either way. A breakout from the resistance will trigger a buy signal while a breakout from the support will likely trigger a massive sell off.The price action is very close to its apex, so we are expecting a breakout within 6 to 7days. A breakout from a Symmetrical Triangle is usually a very explosive and profits can be expected to come fast once the direction of the breakout is identified. Timing on the entry is critical. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Poop Trader
MLong
by PoopTrader
4
MDA Trade + Multi time frame Analysis + Target +Risk Management TRADING STRATEGIC BINANCE:MDABTC Hi everyone, today's idea is about MDA on Binance, its one of the strongest digital assets that Ive seen. I actually was waiting for this correction to end for a week now, MDA is currently at the point i would be interesting to buy in. Therefore, I am presenting my trading plan for MDA. Spot on DEC 17: Personal Note: It also shows I have developed more patient and discipline for waiting Assets to fit into my trading conditions. Chart Analysis: -Chart Time frame: 1D - 4H -Timeframe: 1W -1M 1)-Weekly Chart: Since the time frame of this trade is 1W up to 1M its fair to show an analysis of weekly chart, my opinion one of the most important time frame for analysis. So lets get started! by mentioning that MDA is trading above all weekly SMA, also it is above two dense support zones created at 14000 and 20140 satoshis ( It can be seen as a horizontal channels), in other words MDA has broken 2 important resistances and its currently forming a DOJI candle shape at multiple time frames (1W-1D-12H 4H) this is extremely due to its psychology behind it. Ive also observed a continuation pattern that take form in a symmetrical triangle due to a massive week on from Oct 1st to 8th. In my mind this pattern should have been an ascending triangle, but greed has shown and making it symmetrical instead. Moreover, we can see in the weekly char bellow an Elliot wave triangle correction countdown: where A) its at 0.236 Fib Lvl-- B) almost touching 0.786 Fiv Lvl-- C) just above of a 0.236 Fib Lvl and trend line-- D) a 0.618 Fib Lvl --E) Above 0.382 Lvl. Naturally I am expecting a breakout from E wave. Snapshot: Personal Note: Im trying to get better at reading weekly time frames charts. 2)-Daily Chart: As we previously mention price has hit downtrend resistance ( top of Symmetrical triangle) with a daily green 9 and moved towards a 6 days correction. currently daily candle has formed another DOJI, previous candle has a large wick that indicated how momentum is reversing or decelerating. Stoch RSI is about to cross but until then we dont have certainties , RSI is almost at its 50s considering it very neutral. This time frame its telling me that trend could respect the trends inside symmetrical triangle, However we can still go down and test it out. Snapshot: 3)-12H Chart: MDA is showing a nice red 9 with a long wick after that looks like price is a in a consolidation stage. Previous false breakout almost success bulls pushed hard for days however fear took place and respect previous resistance send MDA Lower prices. 12H chart its all about over sold: RSI and Stoch RSI are in oversold territory, which basically means that My entry is gonna be around this range. Magnus cycle shows how its 3 lines are collapsing once this happen its a good indication for a breakout. Snapshot: 4) -4H Chart:Here is were the consolidation is happening looks like an ascending triangle or and horizontal channel, while i was writing this post a spike just happen and its currently breaking up resistance, lets see if it can hold it. Snapshot: 5)-1Hr Chart: I just want to point out in this chart the magus cycle, and how all 3 lines where collapsing this is a good indication and confirmation of a breakout as I previously mentioned. Snapshot: Conclusion: MDA has displayed strength during bear and bull markets, people or investor have shown interested on it. However if MDA violates technical conditions, ill be looking a lower entry. In the other hand I believe that it will hold the downtrend of symmetrical triangle and we could breakout from it. if that happen my trade management will be the following. TRADE MANAGEMENT: Trade entry: 0.00021600 Stop Loss: 0.000213800 -Targets: Risks/Rewards: -Risk/Reward Ratio: 155.62 -Risk per trade: 1.08% If you enjoy this analysis dont hesitate like and follow. Until the next time! No Fear just trade!
MLong
by vfxvictor
2
MDA is expected to increase to 0.001 BTC ]MDA/BTC BUY: 0.00020000-16500 SELL: 0.00065-80-105 no stop MDA is a crypto I've been tracking for a few months. Mda, a general currency for yourself and to obtain the population for the trader. So why not see 0.001 btc? The whales are the Binance stock exchange and the Mda have 90% of the alleged millions of mda. This is the biggest deduction I've made from the production observation for months. A FIRST TO THE FUTURE OF THE FIRST BULL I believe it will be one of the 5 coins. Because, the whales gathering must create a buyer to sell their money. If they sell at these prices, they suffer a great deal. There are whales around 0.000200000-45000 btc. Let them sell their mda. I'm sure the MDA will make an incredible rise. It'il be sooner or later.
MShort
by omerbagci
MDA's rise to 0.001 BTC is an inevitable fact ]MDA/BTC BUY: 0.00020000-16500 SELL: 0.00065-80-105 no stop MDA is a crypto I've been tracking for a few months. Mda, a general currency for yourself and to obtain the population for the trader. So why not see 0.001 btc? The whales are the Binance stock exchange and the Mda have 90% of the alleged millions of mda. This is the biggest deduction I've made from the production observation for months. A FIRST TO THE FUTURE OF THE FIRST BULL I believe it will be one of the 5 coins. Because, the whales gathering must create a buyer to sell their money. If they sell at these prices, they suffer a great deal. There are whales around 0.000200000-45000 btc. Let them sell their mda. I'm sure the MDA will make an incredible rise. It'il be sooner or later.
MLong
by omerbagci