Melonbtc
MLN ascending trianglePlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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- Ascending triangle break up 75% o/t time
- Both Stochastic lines above 80 (has been good in the past)
- MACD in the green, but indecisive.
Target set based on FIB retracement of the move on from 24/11 until 26/11.
Wait for a breakout and then I would enter.
MELON - I was lucky again !!Was lucky to discover this ERC20 token and to get in right before breakout time at 16 USD.
Breakout was at 24 USD.
On April 9 there was a HUUUUUUUUGE volume candle. A big player struggled to get in on the cheap and in a BIG way ! This date market volume ATH (5.3 million USD) and also the bottom for this coin (at least for now).
Look at how OBV jumped on that date !! This was a key moment !!
Look at how RSI is rising parabolically showing strenght is getting stronger by the day !!
My only regret is not having bought more !
At the moment has cleared resistance and is in price discovery mode.
In the past (ICO time?) it has traded well above 2000 USD !!
Does that mean it can get back there again ?
Doesn't know but, just in case, I grabbed a few tokens on the cheap ... ;o)
"Melon is an Ethereum-based protocol for decentralized on-chain asset management. It is a protocol for people or entities to manage their wealth & the wealth of others within a customizable and safe environment. Melon empowers anyone to set up, manage and invest in customized on-chain investment vehicles."
TAKE A LOOK AT THE PROJECT !!!
melon.avantgarde.finance
Melon (MLN) - 1:5 Trade @coinselorVery simple setup. Consolidating for 2 months above the most recent low, forming a rounding bottom. New 63-day high breakout signals entry level. Significant S/R level protects our stop.
BITTREX:MLNBTC
Market Cap:
$4,854,377 USD
604 BTC
Melon (MLNBTC) Goes for 200+ Gains in 2 days [5500%+ PP]Take a look at this chart above. Melon (MLNBTC) increased over 200% in price in just two days... This isn't normal and definitely points to something good coming for the altcoins market. (This is a Bittrex coin).
We are seeing altcoin after altcoin breakout with massive gains. The volume is really good and Melon has an additional 5500%+ profits potential, which you can see on the chart above.
- The RSI is now curving up strong after reaching oversold.
- The STOCH is also curving up and the MACD has a young bullish crossover. This is the weekly time frame, so these are strong signals.
Let's take a look at daily chart:
- Here there is very strong positive divergence on the MACD, yet we have PLENTY of room left for growth.
- The RSI reached January's 2017 levels, it went up strong breaking all resistance on the way.
- The STOCH went all the way up to the top. This is definitely a very, very, very strong breakout.
This is what I really like about the altcoins market and cryptocurrencies in general. Crazy (actually, AMAZING) profits potentials that actually materialize all of the time; 200%+ gains in two days, this is massive and this opportunity will be seen all over the market and repeated over and over, with many more opportunities coming all the time to you.
Thanks a lot for reading, and more is available and will definitely become true...
Alan Masters Trades ... NAMASTE!
