Mysterium has a market cap of ~ 38,000,000 this is relatively low compared to other coins, making it an ideal candidate for whales to push. We've seen lots of downward movement, this downward movement has been stopped after a descending wedge breakout coupled with high volume. The volume, in my opinion, is not what we would see in a market that is functioning with many buyers and sellers. This large increase in volume makes me think that large buyers have entered the market and are beginning to push price. We have a pullback to a solid structure support. On lower time frames downward momentum seems to have dissipated. For these reasons I am recommending a market buy.
The targets are solely based on places that price has pivoted from in the past. The 4x target is a sure bet in my opinion and the 6x is about the same. 13x target would lead to a mkt.cap of ~500 million which seems huge but when I think that I remember that Doge coin has a mkt. cap of 1 billion.
Good luck on this friends,
Best,
Alex
The targets are solely based on places that price has pivoted from in the past. The 4x target is a sure bet in my opinion and the 6x is about the same. 13x target would lead to a mkt.cap of ~500 million which seems huge but when I think that I remember that Doge coin has a mkt. cap of 1 billion.
Good luck on this friends,
Best,
Alex