Enzyme (MLN) formed a bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Enzyme (MLN) token with USD pair.
Previously we caught a almost 22% pump of MLN as below
Now on a 4-hr time frame, MLN has formed 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.
MLNUSDT trade ideas
MLN/USDT - Enzyme Finance: resistance Breakout◳◱ Technical analysis to be included soon, stay tuned!
◰◲ General info :
▣ Name: Enzyme Finance
▣ Rank: 339
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Financial - Asset Management
▣ Overview: Enzyme Finance project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 23.93 ₮
▣ 24HVol: 10,180,607.191 ₮
▣ 24H Chng: 17.882%
▣ 7-Days Chng: 13.10%
▣ 1-Month Chng: 10.03%
▣ 3-Months Chng: -5.66%
◲◰ Pivot Points - Levels :
◥ Resistance: 21.36 | 22.06 | 23.47
◢ Support: 19.95 | 19.24 | 17.83
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.87
▣ Last 90D: -1.52
▣ Last 1-Y: -0.26
▣ Last 3-Y: 1.13
◲◰ Volatility :
▣ Last 30D: 0.47
▣ Last 90D: 0.59
▣ Last 1-Y: 1.02
▣ Last 3-Y: 1.65
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.62 - Bullish
▣ Reddit sentiment score is 0.73 - Bullish
▣ In-depth MLNUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
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MLNusdt price reversal areaThe price is in a downward direction to the 19.21 price area, from which the price reverses upward and a bullish bat pattern is formed...and a positive sign is required to enter the deal, and when this happens, the targets will be
As shown on the chart.
The analysis is subject to error and right, and entry or exit is at your own risk, and it is not an invitation to buy or sell
Enzyme (MLN) formed a bullish Gartley for upto 20.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Enzyme (MLN) token with USD pair.
Previously we caught a nice pump of MLN:
Now on a 4-hr time frame, MLN has formed a bullish Gartley pattern.
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
🆓Enzyme (MLN) Jan-20 #MLN $MLN
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 70$ zone
🔴Buy : 70
🔴Sell : 85 - 100 - 120
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 70$ zone
🔵Sell : 70
🔵Buy : 60
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
MLNUSDT UPDATEMLN broke out above the downtrend on the daily TF with a strong impulsive move, we can see market has now made a correction to retest previous resistance as new support, in confluence with the the 0.618 fibonacci. On the 4hr TF price formed a double bottom broke above neckline and is now retesting the zone giving us a good potential entry, looking for confirmation signals on lower timeframes for a potential spot entry to long.
🆓Enzyme (MLN) Jan-1 #MLN $MLN
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 85$ zone
🔴Buy : 90 - 85
🔴Sell : 110 - 130 - 150
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 85$ zone
🔵Sell : 85
🔵Buy : 75
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
MLN Bullish TrendEverything's are about repeat past
As it can be seen in the analysis, the chart of this currency in the daily time frame is completely bullish and repeating the patterns of falling and ascending in the past.
At present, its price has reached a good entry area, and entering the set price has a good risk to Rivard
MLN curved channel and trajectorySeems to be finding a floor on the channel and even if it is early to say it will reverse, looks like a good opportunity in a future.
Could be a nice to follow and low risk situation.
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
MLN (Enzyme/Melon) - Trade updateI entered this trade at 127 and have been waiting for it to mature. My profit target is currently 267, previous ATH lifted from Kraken.
Updating my previous analysis, primarily for my own reference: MLN has shown recent pattern of range double bottoms and pumps. Double bottom in this range recently registered at 127 and now slowly finding its way back up toward neckline confirmation at 144 zone. Enter trade on neckline break, or re-low to 127
Positives:
MACD histogram on Daily is showing nice bullish divergence
EMA on Daily is looking to reverse from bearish cross
EMA on 4H crossing bullish
RSI daily trend is currently holding and showing bullish momentum above 50
negatives:
Caution that the lower dynamic support is compromised but range is still holding and price is finding some momentum on lower time frames in a bullish expanding wedge (Watch for possible price breakdown to 98,90 range)
MLN requires a lot of patience... but then BAM
Dump if there is a daily close below 125-127 demand zone.