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Mlnusdt

Enzyme - The strongest survivor of the 2018 bear marketMLN fell 99.3% both vs BTC & USD, in one of the most brutal bear markets. It had very few listings and was essentially only listed on Kraken, until the DeFi summer arrived. Enzyme was called Melon and it was one the oldest, smallest and most well managed ICOs in terms of how they spent their money. They really went through some very tough times and it was one of the projects I've been following for years purely because it was on Kraken and it was one of the oldest ones. Recently Melon evolved and its 2.0 version is much much better than its 1.0 version, hence why it has attracted so many listings like Coinbase & Binance, and before that Huobi. In 2019 MLN had an insane capitulation and then got in 1 year long accumulation zone at extremely low prices. Essentially sellers got destroyed and that's why when Uniswap and DeFi summer arrived, MLN had a monster run. Despite all its major listings it is still below its Summer 2020 highs and was a terrible performed up until the market crashed in May. In my opinion MLN was in accumulation both at the bottom in 2019-2020, but also in April-May 2021 as some people within Coinbase knew the listing was coming. The reason is that it showed a lot of strength and had a huge spike when the listing got announced, and those spikes keep occurring. Something very important to note is that it keeps having some major spikes that then tend to reverse, but not completely. Each time they are forming an equal or a slightly higher low and this way it keeps pushing higher. Now that it has formed a double top at 0.005-0.0055 and it has found support at 0.003-0.0035 (strong resistance turning into support), it could soon have another major spike to the upside. Of course due to the fact that the market overall does look a bit shaky and we could get a major correction either due to regulations or due to a stock market correction, MLN might take a hit in the short term, but it is definitely one I'd be paying attention to and want to add on dips.
KRAKEN:MLNUSDLong
by BitcoinMacro
2
MLN/USDT { ENZYME } - BULLISH SETUPANALYSIS 🔎 - MLN/USDT is currently on an uptrend supported by the ascending trendline support. - The market hit a swing high and retraced. - Price is retesting the key fibonacci retracement zone (0.5 - 0.618 - 0.786) and the ascending trendline support. - There's a relatively high concentration of buyers at this zone (high buying pressure). - Price action is printing the double bottom pattern. - The double bottom pattern is a bullish reversal pattern. - We could be at the verge of an uptrend continuation. BUY ENTRY ⬆️ - Conservative entry: breakout above the double bottom neckline resistance (@119.9) - Aggressive entry: market price. TARGETS - Horizontal resistance level (@158.8) - Horizontal resistance level (@177.0) - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the double bottom horizontal support level and the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
MLN/USDT { ENZYME } - BULLISH SETUPANALYSIS 🔎 - MLN/USDT is on an uptrend supported by the ascending trendline support. - The market hit a swing high and retraced. - Price is retesting the flip horizontal support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement is resisted by the descending trendline resistance. - Breakout above this descending trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Aggressive entry: the key fibonacci retracement zone. - Conservative entry: breakout above the descending trendline resistance. TARGETS 🎯 - Horizontal resistance level (@158.8). - Horizontal resistance level (@177). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support and the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
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! ------------------------------------------------------------------------------------------ - 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.
KRAKEN:MLNUSDLong
by Coinathlon
Crypto MLN/USD (Ideas shape the course of history!)View on Crypto ACTUSDT (28 AUG 2020) This is maddness. As the hot and dumb money are flowing into crypto space, the price can get parabolic. Apparently the whole market is flushing USD down to the drain and it brings cryptos in the spot light too. Now it is trying to bring the previous high of $58.16. It may swing back up to $64 level as long as $50-$55 range is supported. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
KRAKEN:MLNUSD
by SonicDeejay
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!
M
by AlanSantana
16