MITHRIL ;the future of social network (MITH/USDT Analysis) 📈📉
❇️Hello Crypto community Welcome to my new introduction for another high potential project.
Mithril (MITH) is a decentralized social media platform on the Ethereum Blockchain that rewards users for creating content. The team plans to partner existing social platforms to drive adoption of its ERC-20 MITH token, which can reportedly be integrated with any social media platform. In addition to storing funds, the Mithril Vault wallet can be used for staking and swapping into other currencies.
sources: coinmarketcap-mith.io
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📈📉 TECHNICAL
As you can see on the WEEKLY timeframe for MITH/USDT , It is trading about $0.047 right now.
What I see in the chart now is a Super Bullish pattern and it can have a price jump by completing the cup handle pattern.
The price is now trading below the weekly pivot zone , which can be reduced to the level of the volume gap in the short time ,due to this bloody market conditions. However, if conditions of the crypto market become green again, especially the ETH , with the closing of weekly candle with enough volume , it can increase to the level of red resistance. It should be noted that the condition of altcoins in general currently depends on the movements of BTC and ETH ,otherwise if it is not supported by bulls, it can even fall to demand(support) zone.
🛑resistance level: $ 0.1/ $0.18
🆚pivot zone: (0.05-0.06)$
❇️support level: EMA100(blue) -/$0.027 / $0.01
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
Mithril (MITH) is a decentralized social media platform on the Ethereum Blockchain that rewards users for creating content. The team plans to partner existing social platforms to drive adoption of its ERC-20 MITH token, which can reportedly be integrated with any social media platform. In addition to storing funds, the Mithril Vault wallet can be used for staking and swapping into other currencies.
sources: coinmarketcap-mith.io
------------------------------------------------------------------------
📈📉 TECHNICAL
As you can see on the WEEKLY timeframe for MITH/USDT , It is trading about $0.047 right now.
What I see in the chart now is a Super Bullish pattern and it can have a price jump by completing the cup handle pattern.
The price is now trading below the weekly pivot zone , which can be reduced to the level of the volume gap in the short time ,due to this bloody market conditions. However, if conditions of the crypto market become green again, especially the ETH , with the closing of weekly candle with enough volume , it can increase to the level of red resistance. It should be noted that the condition of altcoins in general currently depends on the movements of BTC and ETH ,otherwise if it is not supported by bulls, it can even fall to demand(support) zone.
🛑resistance level: $ 0.1/ $0.18
🆚pivot zone: (0.05-0.06)$
❇️support level: EMA100(blue) -/$0.027 / $0.01
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
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