Motus Triple Bottom wait for the break!
Triple Bottom seems to be forming on Motus.
The price has broken above the downtrend, showing the bulls are trying to get into control.
Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom.
Another clear sign of consolidation is the fight between the MAs...
Hence this is a waiting game. But once the price breaks above the neckline, the first target will be easily to R146.52.
The price has broken above the downtrend, showing the bulls are trying to get into control.
Right now there is a consolidation period where we're seeing a higher bottom and the price will need to break above the neckline of the Triple Bottom.
Another clear sign of consolidation is the fight between the MAs...
Hence this is a waiting game. But once the price breaks above the neckline, the first target will be easily to R146.52.
✅ Facebook:
facebook.com/groups/matitrader
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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