The Moeda Loyalty Points is ranked in top 200 crypto list among more than 2300 cryptocurrencies of the world as per coinmarketcap data.
This Token has been performing very well even in the bear market.
It has given us several chances to earn good profits.
But this time the MDA is showing its major move to gain really big profit.
This time on month chart the MDA has formed a very big bullish BAT pattern and moving within the potential reversal zone as below:
Upto week chart the MACD is turning bullish and gonna give bull cross soon and Stochastic has given bull cross from oversold zone as below figure:
Now back to month chart the RSI was oversold and went upto 27.27 now turned bullish and entered in the body from oversold zone as below:
Lagging span of ichimoku cloud is moving up aggressively and soon it will cross up the priceline.
In directional movement indicators the +Dl was moving down now turned bullish again and -Dl was moving up to cross up the +Dl for bear signal but now it is moving back down you can see below:
The priceline is crossing up the EMA 10 and EMA 20 and soon will will have a golden cross formation between these two moving averages which will produce more powerfull bullish divergence like it happened in Oct and Nov 2018 as below:
Upto 3 week chart the Chop zone turned week bearish from strong bearish and on month chart it is already weak bearish soon it will be turned bullish you can see below:
The BAT patterns initial leg starts from Mar 2018 if we place the volume profile from Mar 2018 up til now then we can that the traders interest is very poor below the potential reversal zone of this pattern which is a very obvious bull signal as below:
As per Fibonacci sequence method the targets are as below:
Buy between: 0.00006993 to 0.00011085
Sell between: 0.00020861 to 0.00035528
Enjoy your profits and regards,
Atif Akbar (moon333) Update idea