Medicalchain (MTN)

1. Fundamental Analysis

1.1 Introduce

Medicalchain is a decentralized platform that enables secure, fast and transparent exchange and usage of electronic health records. Using blockchain technology, Medicalchain has created a user-focused electronic health record that can be used by patients and healthcare professionals – including doctors, hospitals, laboratories and insurers alike, and enables patients to consult doctors and medical physicians remotely, wherever they are in the world, in the knowledge that they’ll have access to necessary health records. Medicalchain will be launching the world’s first crypto based borderless Telemedicine application in 2018.

1.2 Basic Info

2. Technical Analysis

2.1 Kline Data

2.2 Analysis

The recent price action shows a period of consolidation following a significant price drop, with subsequent attempts to recover. Volume has been relatively high during periods of both price increases and decreases, indicating indecision in the market. While there have been several higher highs and higher lows recently, the overall trend remains uncertain. Short-term volatility is likely to continue, with potential for further price fluctuations before a clear directional trend emerges. The possibility of a continued sideways movement or a bearish reversal cannot be ruled out. Further observation is necessary to confirm any significant trend reversal.