Measurable Data Token (MDT) - About to pop

On the above 1-day chart price action has corrected 90% since last December from 18 cents. At the bargain price of 3 cents, a number of reasons now exist to bullish, including:

1) A ‘incredible buy’ signal prints.

2) Price action breaks out of resistance.

3) Following the breakout price action corrects to the golden ratio, perfect.

4) The Gaussian channel flips green confirming price action is now in a uptrend (see below).

5) On the higher time frames price action has recently broken out of a bull flag formation. (See 5-day chart below). This breakout projects a 25-30 cent target.

Is it possible price action falls further? Sure.

Is it probable? No

Ww

Type: trade
Risk: 6% of portfolio
Timeframe: No idea.
Return: 600%


1-day Gaussian channel

5-day bull flag

Transaction en cours:

A bullish divergence prints on the 4hr chart following a strong buy signal

Transaction en cours:

Timing market is not my thing... However there is always folks asking about the status of recently published ideas. Is there interest in updating ideas when "incredible buy" signals appear on the smaller time frames of the alt-token ideas published recently? Let me know below. Again, I don't recommend trying to time markets, just cost average in and out.

On this token both USD and BTC 4hr charts on high volume exchanges are printing strong buy signals.

USD chart

BTC chart

Commentaire:

4hr chart

Transaction en cours

Commentaire:

After a little more study, I think this token might be on the verge of a strong move.

In the past, on this 2-day chart, when the Weighted Moving Average (WMA) crossed up (or down) the shown EMA, large moves in price action followed. Look left.

We've just had a cross following a break of price action resistance.

Transaction en cours

Commentaire:

** Swing trade opportunity **

The 3-day chart has printed a strong sell signal. Don't ignore it. It is not the purpose of the tool to time bottoms or tops, just measure condition. Price action appears to have broken up indicating a 18 cent target. Except a strong pull back if that happen, look left!

3-day

Commentaire:

Seeing a lot of long ideas on tradingview. The swing trade is very much open.

3-day chart

Transaction en cours