MOF still consolidating - now squeezed
MOF - Molecular Futre continues to consolidate between a line of resistance and the 50 day EMA.
As this flag/pennant lengthens so we move closer to break out.
Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water.
All the signs are on for a break out north as we have already seen MOF break out north earlier in the month.
I expect the price surge higher and break the resistance at .00149 and target the next line of resistance AT .001907 but when that will happen is anyone's guess.
I think that by Monday (28th March) we should have seen price break out one way or another.
As this flag/pennant lengthens so we move closer to break out.
Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water.
All the signs are on for a break out north as we have already seen MOF break out north earlier in the month.
I expect the price surge higher and break the resistance at .00149 and target the next line of resistance AT .001907 but when that will happen is anyone's guess.
I think that by Monday (28th March) we should have seen price break out one way or another.
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.