Trade signal | Multichain (MULTI) almost ready for upto 12% pumpHi dear friends, hope you are well, and welcome to the new update on Multichain (MULTI) with Bitcoin pair.
Recently we caught almost 15% pump of MULTI as below:
Now on 4-hr time frame, MULTI has almost completed a bullish Cypher move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MULTIUSD
Multichain (MULTI) forming bullish Gartley for upto 30.50% pumpHi dear friends, hope you are well, and welcome to the new update on Multichain (MULTI) with US Dollar pair.
Previously we caught almost 15% pump of MULTI as below:
Now on a 4-hr frame, MULTI is about to complete a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MULTI: Deep Dive into Technical AnalysisGreetings Traders,
In today’s discussion, we’re focusing on MULTI, a compelling participant in the crypto market. Currently, MULTI’s market price stands at 5.19.
Significant Technical Observations
An in-depth analysis of MULTI uncovers several key insights:
1. Relative Strength Index (RSI) and Stochastic: The RSI sits at 61, while the stochastic reads 91, indicating strong bullish sentiment. However, the high stochastic suggests potentially overbought conditions and the possibility of a price correction.
2. Bollinger Bands: The current price of MULTI is positioned between the middle (3.9) and upper (4.98) Bollinger bands. Prices near or exceeding the upper band may signify an overbought market.
3. Volume Oscillator: The volume oscillator is positive at 35%, showing a bullish volume trend.
4. MACD: The MACD value is currently negative (-0.35), suggesting a bearish indicator unless the MACD line crosses above the signal line.
5. Fibonacci Levels: The Fibonacci levels for the 4-hour timeframe are spread at various points: 4.41, 5.03, 6.03, 7.03, 7.65, 8.15, and 8.65. These crucial levels could act as potential support or resistance points.
6. EMA 100: The 100-period Exponential Moving Average (EMA) is situated at 6.43, above the current price, and could act as a dynamic resistance level.
7. Solid Support: There is a substantial support level identified around 3.21. This level could potentially act as a robust price floor in the event of a downturn.
Closing Remarks
With these indicators in view, traders are advised to keep a close watch on MULTI for potential trading opportunities. The interaction between price movements and these technical indicators may provide key insights into future market trends.
As always, trading involves risk. Conduct thorough research and consider your risk tolerance before making any trading decisions.
Stay tuned for more updates on MULTI and other digital currencies. Here’s to profitable trading!
Buying MULTI here for a scalp RISKYHello everyone, i am going through the charts and i can see that MULTI has dropped hard today so there should be 10-20-30% bounce today or tomorrow. Lower TFs are oversold which is good thing. This one is very risky so put your SL in place.
NOT A FINANCIAL ADVICE, MANAGE YOUR RISK AND USE STOPLOSS
MULTI150+days of accumulation here
think i saw this was the highest volume bridging service somewhere
if thats the case then this looks like a very good entry point
almost max market fud around here like 5 exchanges under the pump i think
bridges remain useful in the multichain probable future
