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Morpher long-term: Bearish Full Analysis!

💡Hello Traders!💡
🏹This analysis is for all those traders who don't know what to trade. Or are confused like several others for hearing people say trade this; trade that but don't explain to you why and normally have a dangerous risk for your investment. I only trade after research and until I'm confident that the risk is minimum.

📉🎯Market Structure
Recently, Morpher has devalued like crazy. Once worth more than $0.02 per MPH now it is worth around $0.0072 and will continue to go down. I have been trading for more than a year this crypto and understand this crypto. It no longer is the crypto that kept its investor motivated and are lacking communication with investors and updates.

🐻💰Bear Market Is Obvious
The picture of the trend is now very clear. Because it leads to a sell-of which takes it to the point it it now. The only way this crypto can go up is if there is a crypto rally. Otherwise this is now a dead crypto; which makes it an ideal crypto to short.

NOTE: ⚠ Every trader should do their own research to be able to trade with confidence. This information has worked for me and wanted to share. That´s why I love TradingView theme "LOOK FIRST / THEN LEAP".

👍Thanks for your attention!👊
👇Feel free to comment below!👇

İşlem kapandı: hedefe ulaştı

A few days ago morpher did an update which would invalidate my analysis. I still have not been contacted by the support team so my analysis might not be completely invalidated. Thats why there has been a beautiful pump. Wanted to bring this to your attention. Take care!

Not

Morpher has officially announced that they are phasing out. Which means this crypto soon will be worth nothing soon. They are moving to another platform called Frenzy. I do not recommend buying at all. NFA.

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

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