MC/BTC - Merit Circle: Trend_Reversal

25 Okt 2023

◳◱ An intriguing development has unfolded on the MC / BTC chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 0.00001668 | 0.00001839 | 0.00002246 and the significant support levels found at 0.00001261 | 0.00001025 | 0.00000618. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 0.00001478, allowing us to take advantage of the projected trend continuation.
Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies.

◰◲ General info:
▣ Name: Merit Circle
▣ Rank: 142
▣ Exchanges: Binance, Hitbtc
▣ Category/Sector: Financial - Gaming
▣ Overview: Merit Circle is a decentralized autonomous organization (DAO) focused on increasing accessibility and participation in the play-to-earn gaming industry by providing educational opportunities and 'scholarships' (in-game assets on loan) to people from around the world. In addition to profit-sharing with 'scholars', Merit Circle grows its treasury by holding various assets (i.e., game-related NFTs) and early-stage financial investments in Play-to-Earn games. Merit Circle's token (MC) is used to govern the Merit Circle DAO and serve as an index for the Play-to-Earn industry.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.00001478 ₿
▣ 24HVol: 20.964 ₿
▣ 24H Chng: 0.0%
▣ 7-Days Chng: 39.46%
▣ 1-Month Chng: 44.59%
▣ 3-Months Chng: 152.39%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.00001668 | 0.00001839 | 0.00002246
◢ Support: 0.00001261 | 0.00001025 | 0.00000618

◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: 2.94
▣ Last 90D: 3.07
▣ Last 1-Y: 0.25
▣ Last 3-Y: -0.05
◲◰ Volatility:
▣ Last 30D: 1.13
▣ Last 90D: 1.47
▣ Last 1-Y: 1.09
▣ Last 3-Y: 1.50

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.72 - Bullish

▣ In-depth MCBTC technical analysis on Tradingview TA page



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