MoonWell - similar bottom and bull flag, breakout = 40%+ profitLadies and gentlemen, we have a bullish reversal pattern forming on the six hour chart for Moonwell, happening inside a larger bull flag on the daily chart. It is currently printing a little flag following a similar price bottom bounce, which may end up being the second portion of a small Adam and Eve reversal. A conservative position stands to make at least 40% profit, selling at $0.057. COINBASE:WELLUSD
-Contingent upon breakout of the flag on the six hour chart-
WELLUSD trade ideas
Buying Opportunity in WELL at $0.47WELL has had a though time of late given overall market conditions and its relatively short time in existence. However, all that may be about to change.
WELL is entering a major buy zone, with a great entry likely around the $0.47 price point, which also happens to be a full retrace to the .236 Fib level from the highs.
Couple that with a POC around $0.62, and WELL may be the perfect buy in the coming week.