mStable Governance Token: Meta (MTA) - bullish divergence

** risky <$10m market cap **

On the above 1-day chart price action has corrected 90% since mid-April. A number of reasons now exist to be bullish, including:

1) The obvious, ‘incredible buy’ alert. A high probability of price action reversal now exists. Look left. 350% gain on last signal.

2) RSI resistance breakout.

3) Regular bullish divergence. 10 oscillators are now showing bullish divergence with price action. Amazing.

4) Dragonfly DOJI on 10-day chart (not shown here).

5) The bitcoin / MTA 1-day chart (below) shows the same oversold condition.

Is it possible price action falls further? Sure.

Is it probable? Very unlikely. Look left.

Good luck!

WW


1-day BTC chart

Trade active

Comment:

85% in under 10-days - fantastic. A couple of steps back would not be surprising after such a move.

Trade active:

On the daily chart below price action breaks out of a pennant formation with flagpole extension to a near term target of $1.38 / 30% gain.

Trade active

Comment:

nice inverted head and shoulders forming around the support / resistance. $1.36 next resistance.

Comment:

Remarkable...

Comment:

Remarkable fractal delivers <10 days later. Now up 190%

"mUSD/USD now available for full trading on Coinbase Pro."

The project market cap remains tiny, $30m, lots more room for silly gains.

Trade active:

Insider trading, I hate it, but it happens. For the last several days someone / some group has been purpose well over $1m perpetual futures of this tiny market cap coin. You don't do that unless you know something most don't.

No it's not me.

Comment:

huge number of oscillators printing bullish divergence on this one, let's see if price action can get back to $7..