MUEBTC
MUEBTC: Position acquired / TargetsIndicators have been showing bullish divergence for around a month, pretty extremely so now. Whilst divergence has been seen in many alts for the last weeks, this looks like a better set up with the Chaikin in agreement with other indicators.
Targets based on fib levels - timing is pretty much guess work.
MUE/BTC drops as expectedMUE/BTC has reached the first downside target after the breakdown below the LML. A valid breakdown below the 0.00001067 static support will signal a drop towards the 150% line.
MonetaryUnit VS Bitcoin Triangle PatternMonetaryUnit has established a strong bottom at 1270 satoshis level. This support has been rejected multiple times, nevertheless, MUE/BTC failed to break lower. At the same time price stays below the downtrend trendline as well as 50 Moving Average.
MUE seems to be trapped within the triangle pattern, and at this point there is no confirmation of the price moving up. But, break above the 1600 satoshis resistance level could be that long waited confirmation of the uptrend.
At the same time while price is lower 1600 level, the downside risk remains. MUE/BTC could potentially decline towards 1k satoshis psychological resistance, which might be a better entry point for those who wish to buy.
MUE,little known gem undergoing serious accumulation. x2 is easyI'm a big fan of Wyckoff and his theories make it so easy to play out stocks that have bottomed out.
It's simple, buy coins that have bottomed out, are not making any further lows, but aren't really doing much either and have picked up their volume, because then, cause > effect, meaning a change/reversal is imminent
MUE meets all 3 criteria.
1) Low volatility
2) Not making any lower lows, but not making any higher highs.
3) Volume picking up as denoted by the yellow MA on the volume.
These 3 criteria put this coin into Wyckoff accumulation and that we are currently trading inside a trading range, where shares are accumulated by certain interests.
A detailed Wyckoff chart will be provided below.
On the weekly, since daily and lower don't tell me anything, due to minimal volatility is showing me some IMMENSE MACD bulish divergence with weekly MACD crossover that had already occurred. RSI, is useless here on weekly timeframes and below for long term swing traders because price has been so stagnated, almost guarantee RSI would be floating around 50 and not moving much from there.
From a volume perspective, buy volume is absolutely destroying sell volume typical of a bullish accumulation.
Movements in the trend (bull) often have more volume than movements against the trend (bear).
The only direction for the coin to go is up.
This is very very very strong support we are sitting on, that said, failure to hold this level would see us at 133 sats (from a current 1400sats). Not completely likely, but this is crypto and anything can happen, I mean people still believe that XVG is a good coin.
Fundamentally speaking they are almost completed 2 of their ongoing projects with both:
1) www.muex.io at 80% completion (forex, amazon listings and web hosting)
2) www.muegs.com at 80% completion (gaming service)
Instructions:
Buy in now up to 1550 sats.
Risk to reward is immense keeping a stop loss at 1000 sats. (previous swing low, denoted by a thick yellow circle)
Sell:
1) 2962
2) 3676
3) 4724
No need for Wave analysis yet, been adjusting my style to put Wyckoff at the top of my priority and Wave analysis a few rungs lower, after support and resistances.
Cow says MUEFigured I could get away with a punny title since cows are in the same animal family as bulls.
ANYWAYS
I'm bullish on the dad jokes in my content; along with the pump power of summertime $MUE's
In the past, we go sideways and once $btc takes off $mue will follow.
Altseason is upon us.... this might be an ~7X from here. I accumulate these community coins and ready to go when volume picks up.
DYOR
MUEWe are for a long time at a strong support level
Buy zone: 1400-1500
Targets:
2100
2500
3200
Mid term
MUE yummy sushi ;) Eat it up to 140% profitsYou have to be there soon after breakout;)
Targets:
0.00002266
0.00002838
0.00003300
0.00003762
Stop loss: For now 0.00001200, After reaching targets use previous target as sl
MUE/BTC - daily, at least 200% potential profitDaily RSI showing bullish divergence, and still within the support area. Watching closely.
MUE remakeMUE is ranging between ~ 1200 and ~ 1800 satoshis.
I'll be looking at entering at the same level as my previous trade: very close to support.
MUE on the moveMUE has bottomed and is ready for the bull run. this coin always precedes bitcoin in showing the begining/end of a bear or bull run.
Stochastic RSI just crossed upward in the weekly.
MUEBTC double bottom is formingVolume is rising, Stoch RSI is in the oversold state. We see a possibility of Double bottom formation to be finished on the 4-hour chart. Although BTC fluctuates hard this can be a safe long-term trade, targets are mentioned on the chart
MUEBTC Trading IdeaPrice at strong support and near ATL, favorable MACD and Stoch RSI on the 1D. Sounds like a winner to me.
$MUE is moving soonMUE is at final stage of consolidation and its due for a move soon. Need few confirmations before going long!
MUE/BTC BTRXMACD
1h,1d - looks good
3h seems to reset
Stoch RSI
1h, 3h, 6h - looks good
Ichimoku
1h - trading under the cloud
6h may touch the cloud
1d trading in the cloud
everything on 3d and 1w looks promising
will buy on wave 2 and sell at previous resistance levels
MUEBTC - Up Trend is about to start i have free account i can't put more than 3 indicators Stoch RSI, Macd Dema, Bollinger Bands, Moving Average etc every indicator giving signal for this, i just gave a chance bought a bit and waiting for more if it starts.
MUE Bullish weekly! MUE in larger falling wedge for a long time! If we break that we can expected further upside! Weekly looking bullish! On daily playing with the clouds! Which doesn't happen often with MUE!
