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MIRUSD

#MIR MIRROR PROTOCOL 4H ChartMirror just did a retest on the trend line and it seems that it is getting supported. Fib extensions seem to show possibility of growth. Also RSI cool down and trendline re-test on the 4H Chart shows that possible move back up may be coming. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
MLong
by MillionaireEconomics
2
#MIR 1D Chart - Something BrewingDescending Triangle forming on Mirror Protocol (MIR). Price has already seen such a downturn since MIR has started trading. Let's see if it will turn around. Keep in mind descending triangle pattern is a bearish pattern (generally speaking). But also remember this crypto hasn't seen a pump in a long time (feels like). Lastly, RSI seems to be ready for a breakout out of the triangle formation. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
MLong
by MillionaireEconomics
📱MIR bottom is in? 1D-- MFI/RSI divergenceMIR is currently sitting in its all-time-lows area (in this chart). There's only 12% to ATL level (2.48) which makes this trade relatively safe for long term hodl (buy & forget). Don't expect anything crazy :) Entry: buy now (current price) -- !!--SMALL AMOUNT--!!, maybe will add more once 3.5-3.6 is successfully reclaimed (we'll see how it goes) ------------------------------ About MIR: MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain. Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset. Source: coinmarketcap
MLong
by V0VOLAN
1
MIRROR (MIRUSDT) - one for the watch list MIR is a token that has somewhat the same chart profile as ICP or SUPER. SUPER has shown strength but like ICP, MIR is sitting closer to its demand area. I don't expect the same performance from MIR as either ICP or SUPER but its set for a possible global trend break in the not to distant future, and we could grab some decent gains from it. Feels like a good place to be getting into this token. Near demand area (might re-low down to 2.5 if it gets rejected from trend), bullish divergence on the recent double low. MACD trend bullish, RSI making higher lows and bullish divergence. Some possible profit targets marked on chart, with a bit of resistance to beat at 3.5. Be happy to see it break the 3.5 and the upper trend of RSI while MACD EMA crosses 0, then it might find some momentum A lot of room for growth if we enter another bull run Something for the watch list. Alert set on that global trend
MLong
by jamoooo
2
MIRUSDT BREAKOUTMirusdt has broken out of the triangular pattern with a retest on pending at the support for validation to long. If btc continues to hold more positions as expected, its very possible to see the first two close targets( a breakout from the rectangle resistance at 5.895 then an uptrend to the next resistance). Wait for confirmation before taking any position. All other details have been listed on chart and as usual, drop you opinions and give it a like too. Follow me for more helpful contents.
MLong
by Pearl-A
Will MIR bounce similarly to its fellow listings?On May 6th, 2021, Coinbase listed 4 new tokens (CTSI, RLC, MIR, and TRB) for which three have already seen quite a significant increase, namely CTSI, RLC, and TRB. However, the one that seems left behind so far has been the Mirror Protocol (MIRUSD). But first, let me provide a quick description of what the Mirror Protocol is for anyone who might be interested: The Mirror Protocol is branded as a governance token that "allows the creation of fungible assets, that track the price of real world assets" . But what does this mean? My summary in short is: If you want to buy a stock, but not buy it on the stock market, you can buy it using the Mirror Protocol instead. The appeal might not be obvious at first (as you can already buy stocks, why buy tokens instead?), but the significance comes to mind when one thinks of new possibilities such as: 1) stocks are now available via blockchain without brokerage registrations required or restrictions for only allowing citizens to purchase a stock, and 2) one doesn't have to save up to buy an expensive stock, but can finally buy only a portion of a stock similarly to how can be done with cryptocurrency (for example, one would not need roughly $250 to buy the Coinbase stock COIN, but can now buy only half for around $125, which becomes even more appealing for anyone who has ever wanted to buy BRK.A which requires a whopping $437K as of today). The interesting part that caught my eye is that MIRUSD seems to have been in an ascending channel for some time now on the logarithmic chart, and is currently dancing near the bottom of this chart signifying either a potential crash downward or possibly a potential bounce to shoot the price upward exponentially similarly to the other newly listed tokens. Although TRB and CTSI technically have smaller market caps (as of today), the differences are not necessarily significant (in terms of cryptocurrency at least), and RLC is the only one that is even greater than a $1B market cap today. Hence the potential seems interesting for what might be in store for MIR if it does indeed follow its sibling listings. As always, this is not financial advice and is solely my opinion. But please like or comment if you agree or have opinions otherwise.
MLong
by crypto_trends
7