I've been looking at Moeda Loyalty Points (MDABTC) for several days now... Look at this chart, we have very strong bullish action taking place:
Notice green after green candles closing...
All with really high volume.
When we zoom out, we can see that September will end up being just a fake breakdown of support... With prices breaking below support just to move back up stronger.
Here we have the long-term chart with potential targets:
I've also mapped 800%+ for the mid-term.
Thanks a lot for reading and for your continued support.
We are doing great by the way. Hoping that you are doing great as well.
Thank you for the chart. I think your target around 34k sats is spot on. This project is on of the best projects out there. It has a real use case and a well dedicated team behind it. Good massive potential in this coin, and it has also a low supply. Moves very fast when momentum kicks in.
calderontr
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There are currently no technical reason to trigging this rise. Keep going on selling hope dear "Hopemasters". It doesn't work to be so optimistic on this market. You have to be realistic.
fugasok
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Do you think it is still valid?
AlanSantana
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@fugasok, Yes it is... Above the red dashed-lines we stay bullish.
InkyGrip
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perfect analysis! 🦐👍🏻
Frank5Lee
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find a crazy man here ahahah
WMWToronto
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I have a very simple question. What will cause this asset to increase in price (which is almost parabolic) to the levels you suggested, rather than just crawl into 2021 along the baseline level shown by the red-dash line ? According to their website they claim that "Moeda is no longer a digital currency — it only uses this feature to streamline and facilitate the investment of people around the world in our Seed Projects." and that their white paper is still awaiting release ? From what I could glean from their site they are involved in humanitarian causes, micro credit and family farming cooperatives in Brazil, basically a non-profit organization. I commend their efforts in bringing Blockchain technology to this humanitarian sector, but I have no idea why the price should increase as you suggest ? It this chart simply based on the "what-goes-down-must-come-up" theory ?
Thanks for the chart.
Looking forward to your response.
Thanks,
Ward Weaire
Toronto, Canada
AlanSantana
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@WMWToronto, It is based on TA, market cycles, and past history.
Time will tell... Just come back in a year or two and see how it all went down.