Fibs and Elliott work like a dream on this coin
Been watching this for a while, team has been ramping up marketing as the market looks mid-term bullish, tight compression Finally got a breakout today upon an announcement for an announcement on June 8 (lucky number) Ideally this gets on the other side of the .65 and holds it for confirmation, gonna see if this breakout holds above the triangle resistance WTC is...
Looking for an expanding diagonal to play out MGTI favors deep retracements: ii retraced .94 of i, iv retraced .94 of iii Smaller degree 2 looks bottomed out at the .94 OBV oscillator reaching a critical apex soon Target in red box
In the words of Haejin Lee, this looks boolish to me
Recently broke through diagonal resistance on high volume Will look to buy on backtest
OBV painting a tight triangle, catalysts and current price action suggest it will break to the upside in a major way Could truncate at previous all time high, but >.003 is very likely One would think other alts with very similar patterns but later catalysts will follow suit for a (mini) alt season this summer
1-2-1-2, 3 in progress Volume coming back, OBV osc and RSI breaking out Watch for break of channel
No one can tell me this volume profile is bearish. Watching for weekly to close back inside channel.
Just threw a pitchfork and marked off fib extension targets. More for fun than rigorous trading, looking at two alt seasons summer and eoy. Out the window of course if BTC 6k doesn't hold, but that looked like selling climax to me, and many alts are floored out. BTC 2-4k means new all time lows on many alts, which I do not see happening given the fundamentals...