#MG8 #Megalink #Web3

#MG8 Chart Analysis
The first chart is the previous analysis.
I mentioned that if the price breaks down from this level, it could fall to the vicinity of the red line.

In that case, the WXY correction could be completed.
If the correction is indeed over, and assuming that the prior upward move is clearly an impulse wave, the initial target price could be $0.1.

This assumption is based on the idea that the $0.055 level does not get broken.

Currently, this coin is only listed on the MEXC exchange.
However, after searching various sources, I found rumors that it may also be listed on KuCoin, along with various other positive news.

This could potentially be false information, but for those who find the chart promising, it might be worth considering a trade.
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#MG8 #Meaglink #web3_binance #P2EGames

#MG8 Coin Chart Analysis
The chart is still progressing.

There hasn’t been a significant increase in trading volume, and buying and selling are repeating in cycles.

Looking at two possible scenarios:
Following the red line suggests a downward movement with a complex correction in the form of WXY,

while the green line indicates the scenario of forming a 3-1 wave.
I’m not sure which direction it will take,
but if it moves like the green line, trading during the following correction would be a good strategy.

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#MG8 #Megalink

#MG8 Coin Chart Analysis

Before reading the analysis, please note that Elliott waves may not work as well with #altcoins .

I believe #MG8 Coin has formed an impulse wave (12345 wave). If we assume that an ABC (3-3-5) correction has occurred, then I expect a rebound to begin from now on.

The movement of this coin will likely depend on how much accumulation the big players have done.

If the impulse wave and correction are accurate, I expect an upward trend to start. However, if it declines, we should also consider the possibility of a lower low.

Isn’t this kind of movement the charm of altcoins? MG8

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A High-Stakes Battle with #MG8 Coin

I've been searching across various exchanges to find #coins that match the criteria I'm looking for. I like #P2E (Play-to-Earn) coins, so I'm very interested in coins like BigTime and Carriverse. While trading Bitcoin, I’m gradually purchasing #P2E coins that I believe are at a low price using the profits from futures trading.

#Altcoins" don’t respond well to chart analysis. So, I’ll continue analyzing them using factors like trading volume and Elliott waves.
If you’re interested, keep an eye on my updates.

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#mg8

#MG8 Coin Chart Analysis

#MG8 is a small #altcoin , and since it's only listed on one exchange, I'm unsure if chart analysis will be fully applicable. Looking at the chart, the highest price it reached was over $2, but it has since declined. I believe this is due to the limited number of exchanges and something that often happens upon listing.

If we look at the volume profile, the strongest support level is around $0.08. We can also see signs of accumulation over a long period. After completing a falling wedge pattern, it has bounced back slightly. However, the trading volume is low, and both buy and sell orders are scarce.

We need to watch it a bit longer, but it does look promising for trading.

Follow for more updates as we continue monitoring the chart.