MOF looking BULLISH
Updated
Molecular Future is one of the 4 digital assets owned by the giant HyperTech Group.
HyperVerse is THE outstanding blockchain membership opportunity and MOF is one of the currencies used to pay members.
Last December MOF was forked and the circulating supply was increased from 87 million to 87 billion.
Before then MOF moved from 3 cents to $2.36 so the potential for appreciation is clearly there.
MOF has fallen sharply since the fork.
However, from a technical standpoint we could be poised on a move higher as although we are currently held beneath the 200 EMA, the 50 EMA appears to be closing on it and a move above the 200 EMA would form a golden cross and this would be very bullish for the asset.
Should this happen expect to see MOF move higher.
This is a cryptocurrency assets that has real potential and it is currently very very cheap.
Well worth buying a few hundred dollars worth and hodling.
Who knows what the price will be in 12 months?
Traders should go LONG on this asset with a STOP below the all time low.
HyperVerse is THE outstanding blockchain membership opportunity and MOF is one of the currencies used to pay members.
Last December MOF was forked and the circulating supply was increased from 87 million to 87 billion.
Before then MOF moved from 3 cents to $2.36 so the potential for appreciation is clearly there.
MOF has fallen sharply since the fork.
However, from a technical standpoint we could be poised on a move higher as although we are currently held beneath the 200 EMA, the 50 EMA appears to be closing on it and a move above the 200 EMA would form a golden cross and this would be very bullish for the asset.
Should this happen expect to see MOF move higher.
This is a cryptocurrency assets that has real potential and it is currently very very cheap.
Well worth buying a few hundred dollars worth and hodling.
Who knows what the price will be in 12 months?
Traders should go LONG on this asset with a STOP below the all time low.
Trade active
As can be seen the 200 EMA is proving too tough a barrier to breach and MOF is now moving sideways. While we remain above .00080 support the BULLS will remain mildly optimistic. A trendline drawn from the low at .00065 to .00082 forms a pennant or flag so it remains to be seen which way price will head once this flag has been broken.
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