MBOX: when will it breakout from this channel?
Updated
This is an old bag to which I added over the last year because my plays in this cycle are mostly GameFi and AI + some old blue chips. Perhaps I was a bit "too early" on GameFi because now there's a ton of new projects out there which are catching more hype but MBOX has already different working games and a big community. Moreover it is under Binance's wing. So this should pop up at a certain point.
The blue line is my avg. entry price, I chose not to lower it anymore because I had bought too many when I was too early so to lower further I needed too much money which I invested into new projects.
Anyway: if you want to invest into GameFi and you're interested in something which already works this is a good choice. I think GameFi and cryptogaming will be HUGE.
As you can see weekly volume has been rising as well as OBV and BB are tights. Chances of a breakout are now higher, once this happens that resistance has to be cleared.
Daily chart could be a cup&handle, if this is the case it should breakout this time:
Good luck and let me know what you think about this project
The blue line is my avg. entry price, I chose not to lower it anymore because I had bought too many when I was too early so to lower further I needed too much money which I invested into new projects.
Anyway: if you want to invest into GameFi and you're interested in something which already works this is a good choice. I think GameFi and cryptogaming will be HUGE.
As you can see weekly volume has been rising as well as OBV and BB are tights. Chances of a breakout are now higher, once this happens that resistance has to be cleared.
Daily chart could be a cup&handle, if this is the case it should breakout this time:
Good luck and let me know what you think about this project
Comment
NIce pump today, probably followed the cryptomarket and it's not just due to MBOX itself. Currently daily price is hitting the channel's upper resistance. Even the volume surge is appreciable: here the weekly chart:
Comment
As I told you the breakout for MBOX was more likely and it did happen. I hope you bought at my signal. Anyway the real resistance is still the purple area. If price bounces off that we'll see a retest of the trendline.Comment
Exactly like I anticipated there was a retest of the former channel resistance and a bounce which is currently piercing the real resistance zone.Here at daily:
here at weekly you can notice the surge in volume but we need much more volume and a different shaped weekly candle to clear this resistance out. I think you're still in time to buy
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