MLNUSDT trade ideas
MLN - primed for next jumpMLN is squeezing this key level (market orange on the chart) above which it has not managed to close a 4H candle since its last pump in Sept. Daily has just seen MACD cross 0 and bullish momentum. OBV is bullish and trending up. Beautiful j curve forming on the Daily toward this level.
I suspect we are soon to see the 4H close above this level and we are off (though with the way MLN moves it will probably already raced 30% by the close). Volatile (risky) but rewarding jump to grab
Notice with each major pump the retrace finds support above the Daily close of the previous pump (so likely above 161 after this pump) It could easily get rejected and dumped back towards trend from here, but equal amounts of TA and market sentiment are fueling my enthusiasm. If wider market holds course it will likely be a winner
My previous light-hearted analysis has turned serious!
(messy chart - posted quickly. post a cleaner version later)
MLNUSDT - who even knows? lets see (OBV trend test)I'm not going to pretend I know what happens with some of these tokens, I'm not even sure what MLN is. But trawling trough charts just noticed this rhythmic pattern forming in MLN price surges. each time pumping approx 100%. I've searched for a catalyst for these pumps, trend lines, MA crosses, MACD, levels, RSI trends, stochastic, etc. Nothing gives much of a clear indication (though I haven't spent much time on it). The thing that stands out immediately though, and with strange consistency is the OBV trend. So putting this here as a place holder to see how this pans out. See what happens when OBV touches that green trend line 🤷♂️
This is not technical analysis. I'm not even putting money in this thing, just curious to see if it pumps again prior to or on the 25th Oct
and what that might tell me about the special world of OBV trends
MLN is inside a channel ? maybe 300 is reachablea possible channel is forming and I like the Risk-Reward 1:10 to catch a possible push to 300.
the price is above the main daily moving averages which could act as supports.
If we break the support of the channel instead I can see a drop of the price to the all time low
let's see what happens and if I can double my investment ;)
#MLNUSDT (Watchlist)#MLN maybe worth it to add this coin to your Watchlist. 👀
Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/Breadkwon levels, Also R: R)
add to watchlist means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume , showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
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This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. the Cryptocurrency market is very volatile and involves gains and losses as well so know very well what you are heading towards before engaging in it.
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MLNUSDT is testing the dynamic resistance 🦐MLNUSDT is testing the dynamic resistance. If the price is going to have a breakout According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
MLN/USDT { ENZYME } - BULLISH SETUPANALYSIS 🔎
- MLN/USDT is currently on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786) and the ascending trendline support.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- Price action is printing the double bottom pattern.
- The double bottom pattern is a bullish reversal pattern.
- We could be at the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Conservative entry: breakout above the double bottom neckline resistance (@119.9)
- Aggressive entry: market price.
TARGETS
- Horizontal resistance level (@158.8)
- Horizontal resistance level (@177.0)
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level and the 0.786 fibonacci retracement level.
MLN/USDT { ENZYME } - BULLISH SETUPANALYSIS 🔎
- MLN/USDT is on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry: the key fibonacci retracement zone.
- Conservative entry: breakout above the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (@158.8).
- Horizontal resistance level (@177).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and the 0.786 fibonacci retracement level.
MLN ( enzyme ) bull chart 11th of July 2021Hi guys, I'm starting to buy spot around this area.
The Fibonacci 3.612 extension would suggest that we might get to see MLN at the 180$ levels in the next 60 to 90 days. This evaluation might be underrated since the availablel supply is situated just under 1.5 mil coins.
Also it just got listed on Binance last week so I'm expecting a great increase in the overall volume. Bull div on the RSI on the daily.
Not financial advice, DYOR
🆓Enzyme (MLN) Aug-4 #MLN $MLNThe selling pressure of MLN is not too strong but because MLN has increased so strongly in the past few days, the weakening of the buying power is predictable. Currently, the MLN has conquered the $100 zone so in the next few days it will continue to accumulate then rally again to approach the $130 and $160 zones. However if it loses the 85$ zone it will be bad for MLN
📈BUY
🔴Buy : 97.5-102.5$ if A
🔴Buy : 83-87$. SL if B
📉SELL
🔴Sell : 127-133$. SL if A
🔴Sell : 156-164$. SL if A
♻️BACK-UP
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
MLN-USDT - Pumping PotentialNote : If you have any questions, feel free to send me message
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- Please care for Money Management
- Have a good psychology
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Execution Strategy :
- Know what you want to buy, see the Fundamental
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- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
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b. Just become a normal without emotion, Do not put emotion into your trading
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Idea :
MLN-USDT - Pumping Potential
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MLNUSDT - we are going 30% up.100 USDT is a support level and we just went out of the descending triangle and are preparing to go up to the next resistance level at 135. I am expecting to get that point within the next 24 hours.
Just in case if this pattern would not work out, I put a stop-loss at 97.
NOT A FINANCIAL ADVICE.
MLN/USDT : Minority Venture Capital (MVC)White line is MVC's entry price.
Highest local top in months! = bullish
While the price fell through the 50 SMA, it was held up by the 128 SMA and bounced nicely. Currently, we are fighting the resistance at the 50 SMA and consolidating right below--suggesting a breakout is imminent.
Unless we fall below the 128 SMA there's nothing to suggest bulls are in trouble.