Not financial advice. I am publishing this idea in order to check my thoughts on this coin over time. So, we have nothing, I do not know the start of sales from what mark we began to grow before listing. According to Coin Market Cap, Merit Circle started at $ 2, then the price was fixed at $ 100. What is very good, let it be a start to predict the future trend...
And so what we have for this coin. The coin lived in the channel for a while, then jumped up, above the channel, but it did not work to fly away by $ 1.20. Apparently, the feathers of our Flamingo have not grown stronger, we need to gain strength and rest. Well, we'll sell for now. The deal is active
The coin showed good movement, delighting many who bought it. I myself expect further growth. But now the coin needs to rest and retest the global level at a price of $ 169. As a confirmation of the upcoming correction, there is a double top pattern on the chart, plus at 4 o'clock we have a shadow. As a rule, such shadows are covered with candlestick bodies. The...
I've been tracking this coin for about a week. While waiting for confirmation, there was a breakdown with consolidation. Enter the market. Shoulder is small from 3 to 6 maximum. Since the stop is far away.
Long idea. Working out the bullish flag pattern. Exit from the channel and consolidation, further impulse upward movement
Everything is on the chart. This is the first option, working inside the canal. The second option will be in a new idea