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.
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