$MBOX/BTC 4h (Binance Spot) Falling wedge breakout and pullbackMobox is looking ready for reversal here, it needs to regain 50MA support first but is likely to happen soon!
Especially with all the hype around NFT metaverse, P2E (Play to Earn) and DeFi / #BSC tokens, more info on www.mobox.io
Current Price= 0.00006642
Buy Entry= 0.00006655- 0.00006315
Take Profit= 0.00007925 | 0.00009374 | 0.00011140
Stop Loss= 0.00005764
Risk/Reward= 1:2 | 1:4.01 | 1:6.46
Expected Profit= +22.21% | +44.55% | +71.78%
Possible Loss= -11.12%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 3 weeks
Mobox
📦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
MOBOX Starts Turning BullishGood evening my fellow Cryptocurrency trader we have another one for you today.
MBOXBTC (MOBOX) is now switching from bearish to bullish potential.
We can say this based on the signals coming off this chart.
The RSI has gone above 50 and we are looking at the daily timeframe, making this a strong signal.
The MACD is pretty low but starting to trend up with a green histogram.
Finally, we have prices closing above EMA10 yesterday and trading above EMA21 today.
Potential for higher prices... But things can always change.
Prepare for all scenarios.
Use a stop-loss and have a plan before you trade.
Thank you for reading.
Namaste.
MOBOX COIN CASE STUDYHi,
I'm sharing MOBOX coin chart. If you look at it we made a floor and price moved to the upside almost rallied 160%. Now, price is back to that floor and taken out all the floor liquidity sitting under it.
That shows MBOX probably will target the high side liquidity or sell side stops.
I'm expect a good return from this setup. I would like to see if it breaks above the swing point and show some strength.
All the best!