Monetha(MTH) - Technical Analysis

Well Hello There…

In my blog I will make the Technical Analysis of the Cryptocurrencys.

I will start my blog with Monetha (MTH) Technical Analysis.

MTH is moving in an “upward” trend.I showed it with blue line.
It is above the Long term Moving Avarage (EMA-50) and slightly below the short term Moving Average (EMA-20). As MACD crossed downward, we may expect MTH to spend more time between the moving Averages to gain some strength.

Right now MTH is forming a “Bowl Formation” between 4500 - 1700.
If the price continue to stay above the Long term Moving Average, It may go up to 4500 to complete the “bowl formation”. I showed the height of the bowl with “h” symbol (4500 - 1700 = 2800)
Once the bowl formation is completed then It may try to pass 4500 upward. This may lead price move minimum “h” length. It may lead up to minimum 7300 (4500 +2800) in the long run. Stop Loss is 1700.

Trend is your best friend :) As long as the price stays above the moving average It represents an “Upward” Trend. As long as the price stays below the moving averages It represents an “Downward” Trend.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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