Mboxusd
₿ MBOXUSDT 1D ₿ : 31.Oct.2021Since the last analysis of our friend Parisa from MBOX, the price has grown by more than 20%. The rest of the targets are marked on the chart.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 31.Oct.2021
⚠️(DYOR)
📦MBOX-- Descending TriangleOver the last 2 months the price has been moving down inside of a descending triangle pattern and is now getting squeezed inside of it. Generally this is a bearish pattern, but in bull market conditions , it often breaks out to the upside.
Entry: buy now (current price) -- small position only(buying into resistance!!!) -- and/or buy at first given local pullback -- or buy if the price goes back down to 3.47
Long-term targets:
TP1: 4.47
TP2: 5.27
TP3: 5.51
TP4: 6.61
TP5: 7.35
TP6: 8.50
TP7: 10.29 (~150%)
TP8: OPEN++
😜MBOX- Go for YOLO buy or wait?!The price tested swing level (3.478) and reclaimed higher levels.
I'm still not sure about the upper trendline, you could possibly draw it in a different way and get a different narrative, but I decided to go with the assumption that the price DID NOT break the trendline.
Entry: -- explained on the chart --
Targets :
TP1: 4.478
TP2: 5.518
TP3: 6.614
TP4: 7.350
TP5: 8.501
TP6: 10.296 (~130%)
TP7: OPEN ++
SL: YOLO (don't learn from me)
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About MBOX:
MOBOX is a community-driven platform empowering users by rewarding them for their engagement and enjoyment. The MOBOX Protocol combines the best of yield farming DeFi with Gaming NFTs creating GameFi: The new revolution to Free to Play, Play to Earn gaming.
Source: coinmarketcap