Long

MFT could be huge

Updated

First break from long descending yellow trendline and 3 resistances to overcome within 2 ascending parallels.
I gave up on this one a week ago... lesson: never loose hope in your favourite coin.

Note

I have been daytrading DOCK, but actually MFT at the same time, though I didn't have the time to post as this one went a little too fast...
MFT shows a lot of H&S's, both regular and inverted, 2 possible inverted ones, but it should break up from the descending parallel first, otherwise an old H&S could define a total wipe out...
This could be a pullback as well, as we have reached the first target and the top of the first ascending parallel on the larger scale above and the 3th resistance as drawn on the same chart.

Note

ok, messed this one up, this is DOCK, lol, MFT could look the same in the near future though

Note

MFT having some problems to get through the descending parallel... if not... descending wedge is forming...

Wolverinos

Also on:

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.