MDA - Could be a Sleeping Giant
MDA has been bearish since its introduction. What's noteworthy is it made 657% - 1722% moves in its bear cycle!
Now, imagine its growth in a bull market. THIS is what excited ME about MDA!
CURRENTLY
It broke out of BEAR TREND B (encircled green candle ) where it made a 140% move. While this move wasn't big enough for a higher high (HH), it's an indication that bears are tiring out.
BEAR TREND C
When MDA breaks out of this trend, it should be on its way to making HH & HL.
ESTIMATED BOTTOM : ~1566
STOCHASTIC
On the monthly, it's approaching ZERO (yellow line) indicating bears are running out of steam.
https://www.tradingview.com/x/dQFbQJFQ/
At this point there's only 2 outcomes: MDA collapses and dies or, it starts phenomenal growth.
Now, imagine its growth in a bull market. THIS is what excited ME about MDA!
CURRENTLY
It broke out of BEAR TREND B (encircled green candle ) where it made a 140% move. While this move wasn't big enough for a higher high (HH), it's an indication that bears are tiring out.
BEAR TREND C
When MDA breaks out of this trend, it should be on its way to making HH & HL.
ESTIMATED BOTTOM : ~1566
STOCHASTIC
On the monthly, it's approaching ZERO (yellow line) indicating bears are running out of steam.
https://www.tradingview.com/x/dQFbQJFQ/
At this point there's only 2 outcomes: MDA collapses and dies or, it starts phenomenal growth.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.