Where next for Molecular Future?Molecular Future is one of the digital assets owned by the giant blockchain group Hyper Tech , the group behind the HyperVerse project, an exceptional blockchain membership program. Go to my theforexportal website for more information about HyperVerse.
Since MOF was forked (diluted) last December the price has steadily declined before moving north back in April.
Since that move which saw the price reach .00162, MOF has sold off again and is now trading below the recent April low.
Currently the price range is narrowing and its unclear where we are headed next.
BITCOIN is the engine that drives the train and as long as BTC declines then so most digital assets will follow.
A move south below .00061 could signal a slow demise for MOF but a break above .00100 could see MOF start to build some momeentum for a longer move north.
Remain on the side lines for the time being.
Molecularfuture
MOF continues to break out and move sideways - which way next?Molecular Future is one of the assets owned by the giant Hyper Tech group the company behind HyperVerse (see my profile for details).
MOF has broken out several times over the past few weeks and then moved sideways.
Currently price is moving in a range between .001255 and .001011 and is contained below resistance at .001255 and a rising trendline from late February.
I expect the price to continue to move sideways for a while until it meets the 50 EMA.
The 50EMA may hold the key for where we go next with MOF.
Should the price breal north of the 50 EMA and take out .001255 then expect a run back towards .00149.
Should the 50 EMA drive the price south then we would need to see if the rising trendline offers support.
If this line breaks we are almost certainly headed much lower.
This is a highly speculative opinion but the charts have a more BULLISH than BEARISH feel but as ever its BITCOIN that drives the train and if BTC declines further then most digital assets will follow.
MOF back in a flag formation - needs to break above the 50 EMAMOF is back carving out another flag/pennant/banner formation.
However.
Previously the price was above the 50 EMA and used this to drive higher.
Currently the price is below the 50 EMA but above the significant line of support at .00149 and the mid pivot and we will probably see the price squeezed between the EMA and this line of support before we break out either north or south.
If the price cannot rise above the 50 EMA then this flag might break to the south but as there is still BULLISH momentum with Molecular Future, the chances are the price will take out the 50 EMA and move higher towards the
next line of resistance at .00165.
MOF still consolidating - now squeezedMOF - Molecular Futre continues to consolidate between a line of resistance and the 50 day EMA.
As this flag/pennant lengthens so we move closer to break out.
Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water.
All the signs are on for a break out north as we have already seen MOF break out north earlier in the month.
I expect the price surge higher and break the resistance at .00149 and target the next line of resistance AT .001907 but when that will happen is anyone's guess.
I think that by Monday (28th March) we should have seen price break out one way or another.
Technicals suggest a move higher for Molecular Future Molecular Future is one of the assets owned by the giant Hyper Tech Group the Group behind HyperVerse.
Since its was forked (the circulating supply diluted from 87m to 87b) the price has fallen but over the last few weeks this asset would appear to have made a floor and is now building momentum higher.
Flag or pennant formations are common in trading and are a result of a consolidating asset.
Price is squeezed as its trading range decreases and a flag or pennant appears on the charts.
In most cases these flags break north and as we have seen MOF break north once already, its my guess that we shall see a move north again possibly in the next week or so and we could see if price can break the resistance at .00147.
If this resistance is broken then the momentum could carry this asset much higher.
At .00139 cents a coin, this is an exceptionally cheap asset that spiked to .007 on relaunch before falling back and then reached .005 before its long descent so there's plenty of scope for it to return to this .005 level which would be its potential target over the next few months.
Before MOF was forked this asset climbed from 2 cents to $2.36 so there is clear potential.
However, it must be remembered that not all digital assets succeed and picking one that will is a gamble but if history is anything to go by then its worth taking a gamble on Molecular Future and stashing a few away in the hope that this asset takes off.
MOF breaking higher as anticipatedThe MOF did indeed break out north as was suggested by the technicals.
Having hit resistance from several weeks ago, price has stalled and appears to be now waiting for the 200 EMA to catch up.
I expect price to drift sideways for several days now and when the 200 EMA is met then we could see price use the 200 as a springboard to break the resistance and move higher.
The picture remains BULLISH and MOF still represents very good value at these levels.
MOF (Molecular Future) posied to break out one way or anotherMolecular Future has (apparently) arrested its steady decline for the last 8 weeks and is tracking sideways.
Price is now trapped between a rising trend line and the 200 EMA in a clear flag or pennant formation.
Which way it breaks is anyones guess but it looks as if we shall see price break out either up or down over the next few days.
I remain mildly BULLISH on MOF based on its performance before the asset was forked (diluted).
As a trading opportunity the picture is mixed but asa a hodling opportunity I think that at .00085 cents this is a very cheap asset and certainly one thats worth buying a few hundred dollars worth and forgetting about.
