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MDABTC

Moeda Retraces 70% After doing 620% Bull Run (What Next?)Moeda Loyalty Points (MDABTC) did something beautiful when it went on a 600%+ bull run, giving us an early signal of how other altcoins would move. Following MDA’, many other altcoins generated massive profits, we were more than happy to enjoy those and now more opportunities are developing. There are endless opportunities within the cryptocurrency markets, and more opportunities will always come. Let's take a quick look at MDABTC once again. After the huge bull run, MDA’ had a 70% retrace and people are asking me if it is time to move up. On the chart above you can see an orange line, which is the EMA200 indicator. If this level holds, we can resume another wave up, thinking that the correction is over. If the orange line doesn't hold, we can expect further retrace until support is established. Once MDABTC finds support, another up wave can resume. For now, we can consolidate sideways and watch price action for a clear breakout signal. We look to break above EMA50 (magenta line) first. Weekly chart: Thanks a lot for reading. Hit LIKE if you enjoyed this post. Namaste.
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by AlanSantana
22
MDA/BTC - 1d - Time To Buy! MACD: Bullish Cross within the next 3 days RSI: Oversold Bollinger Bands: Narrowing, confirming a possible breakout in 1-3 days Buy: 0.00018000 - 0.000185000 Stop Loss: 0.00017000 BTC Target 1: 0.00026000 BTC Target 2: 0.00034000 BTC Target 3: 0.00042000 BTC Leave a thumbs up if you like my idea. This will keep me motivated :-) Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only.
MLong
by Anton_XBT
2
MDA - huge volume, small cap, promising fundamentalsMDA saw lots of volume in the past weeks and has risen more than 400% percent followed by 50% correction. The volume has decreased since then during the correction. However, it is still significant (2.6 million for the last 24 hours) compared to its market cap (30 million). The fundamentals of the project are very promising and it has already functioning product with real impact on society. Due to the small market cap, further upside action is likely. A possible trading plan is as follows: Buy order (now) - 0.00024390 Stop loss - 0.00023446 Take profit (30%) - 0.00051299 Risk/Reward ratio - 28 Follow for future updates with next take profit targets!
MLong
by Fediculous
MDA near a breakoutMDA coin is doing beatiful trend lines . it is now drawing a down trend line in a similar way to previous up trend line . Also it has a support line at fib 0.5 level and now sitting on this level. in coming hours if it breaks the down trend resistance line it can go to 30000 level quickly. Otherwise if it breaks red support line it can go to fib 0.618 level (20000). it is also has a bullish rsi divergence in 1h chart. i am waiting if it breaks resistance i can buy some. Not a trade advice.
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by TradeTrends