Here is a chart over MUE, a mergemined coin on the X11 algo. I am bull, but also spot a bearish move COULD happen.
It looks like it is just finished a 2. wave correction, and the coming 3. wave can be substantial.
This climb won't come without volume. I expect volume to rise with the price, but price can also stay here for a while as the first two subwaves of blue 3. wave draws up, possibly like this:
Remember, I can NOT predict timeline, only probable price movements and directions.
Volume and MACD is just waiting for something to happen, I expect it is positive.
For awareness of a more bearish outcome IF price move as follows:
To invalidate the 1. and 2. blue wave price must below 1067 satoshi. This would imply stretching the green II wave in time and to a lower low.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
Comments are highly appreciated, and please
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I like your work dear
You and analyst @salahuddin2004 are two top analysts of cryptoworld.
His prediction success rate 99%
you both are great for steem community
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Thank you :)
I just started in December so there is lot to improve. I try not to look at other analysts on a coin before I have made a chart, to avoid being reflected by their sentiment.
I'll be most happy for your vote too, as I'm no whale and would like to be more visible :/
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