MOBOX ATH & 525% Growth Potential (Short- & Long-Term)
Here we have MBOXUSDT, it has the same pattern as many other pairs but with the difference that the 5-August drop produced a true bottom, an All-Time Low.
This is a major low compared to October 2023 and thus a recovery wave is probable and highly likely. In fact, the next move can develop into an uptrend but with this type of chart setup the minimum we get is a relief rally or recovery wave, and this is enough for a trade.
➢ The first target/resistance stands at MA200 for 55%. This is a super easy target and can hit within days.
➢ The 195% target, or a little lower, is also high probability because it is a lower high compared to March.
➢ The last target shown on the chart, 525%, can be definitely hit long-term but in the mid or short-term is more questionable because this would be a higher high and the highest level since June 2022. So it might require some up, down, up and down before finally reaching it.
All in all, this looks good to accumulate with a focus on the long-term. As shown above, this pair can also be approached with a short-term perspective.
Thank you for reading.
Namaste.
This is a major low compared to October 2023 and thus a recovery wave is probable and highly likely. In fact, the next move can develop into an uptrend but with this type of chart setup the minimum we get is a relief rally or recovery wave, and this is enough for a trade.
➢ The first target/resistance stands at MA200 for 55%. This is a super easy target and can hit within days.
➢ The 195% target, or a little lower, is also high probability because it is a lower high compared to March.
➢ The last target shown on the chart, 525%, can be definitely hit long-term but in the mid or short-term is more questionable because this would be a higher high and the highest level since June 2022. So it might require some up, down, up and down before finally reaching it.
All in all, this looks good to accumulate with a focus on the long-term. As shown above, this pair can also be approached with a short-term perspective.
Thank you for reading.
Namaste.
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Live!)
lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.