MNTUSD - Symmetrical TriangleSymmetrical triangles are bullish patterns.
Potential for big upward movement on a long timeframe, following breakout of this triangle
Showing the triangle on the daily timeframe here.
MNTUSD trade ideas
A perfect Bearish divergence A perfect Bearish divergence occured on Daily when the Elder impulse system turned blue and allowed shorting (marked by the arrow)and it played out beautifully.
My entry was $1.36
Stop loss was local high @ $1.42 (5%)
It fell to $0.94
My initial Target for profit was $1.15 but then cancelled it and closed around $0.99 (26%)
MNT 3d, Q1 2024Publishing the MNT chart to keep track of it, as a new chain and nice initial price action. With the current backing and the price action this one has a chance to do well, in case the crypto sentiment turns bullish outside of btc.
