Like a couple of other alts, MITH has seen some huge volatility over the past couple of days. After topping around $0.18, MITH was a bearish correction. During the correction, a textbook bull flag pattern has appeared on the chart.
Less than one hour ago, MITH hit the bottom support of the bull-flag and is currently seeing a bounce from it. My take would be that MITH will continue to follow this pattern in the coming day, potentially breaking out within the next two days or so. Be aware that the price might break bearish, in that case the $0.08 area should provide support.
Targets placed at the most recent tops.
Happy trading!
Less than one hour ago, MITH hit the bottom support of the bull-flag and is currently seeing a bounce from it. My take would be that MITH will continue to follow this pattern in the coming day, potentially breaking out within the next two days or so. Be aware that the price might break bearish, in that case the $0.08 area should provide support.
Targets placed at the most recent tops.
Happy trading!
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