Long
Bullish Breakout
MMCCORP found resistance at R1, retraced and found support at 61.8% from the upside movement in Aug 2020 forming a Double Bottom. Recent price has significantly closed and moving above DTL. We are optimist for further rally towards Fibonacci level 1.618 at 1.195 coincide resistance in 2019. On the flipside, price movement below support at 0.775 might push the price lower to 0.72.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.