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lets dive into moons chart and check some ta

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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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