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lets dive into moons chart and check some ta

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by COINS NEWS 129 Views

lets dive into moons chart and check some ta

Most of you will probably say, that Moons daily volume is too low to work with chart analysis. I think you're partly right - but I also think that it is still possible.

Lets taker a closer look at the Moon Chart on MEXC.
For weeks we were trading in the same pattern. A slowly steady downtrend. The recent pump led into breaking that pattern. So we are trading above it right now.
As you can see our buy-volume were always stronger than the sell volume. Dont get me wrong, we definitely had a lot of sales aswell. But every time buys appeared, they appeared strong (green circles).

https://preview.redd.it/8zwney2fzyfa1.png?1899&format=png&auto=webp&s=cf39e38c9dc14ddac0ccba584d231b5faa0d6f86

But just one big order can crash that bullish breakout? Sure! But I personally think it would get bought quickly.

Thats not it! As you can see in the following chart, we not just broke that downtrend-pattern. We are trading above all EMA/MAs right now which were pressuring us down for a while.

https://preview.redd.it/6cqjjyi51zfa1.png?801&format=png&auto=webp&s=aec4fc9a3f5850eb809ea78851b402ca39789ee2

The daily EMA/MAs look very similar to this.
It's possible that we might going for that 0.25$ on MEXC.
Don't take this as a trading advice, because its a very volatil chart and any big orders can influence to price a lot.

Have a great day:)

submitted by /u/DREAMINDIVERX
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