Love when the rain clearsI would like to leave everything wide open to all the possibilities in the world.
MBLUSDT trade ideas
MBL// Textbook Ascending TriangleCurrent price action displays one of the cleanest ascending triangles I've recently seen. Retest of the broken s/r flip, and 38% zone. Strong selling momentum instantly frozen.
$MBL was the first shitcoins that turned me into a bag holder for a few days that felt like months during the first bull run this year. Havent been back since then, but I might fancy a nice lev long here if there is a perp contract with a stop @ 50%.
MovieBloc MBLUSDT - Bull flag+35x return by the end of the year!- MBL is a low cap coin (443 rank) on coinmarketcap.
- Currently the price is breaking out of the bullish flag!
- Also we can spot an ascending triangle forming right at the bull flag.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- 35x return by the end of the year!
- If you want to see more of these ideas, hit "Like" & "Follow"!
- Impulse Elliott wave completed successfully.
Mbl main resistance i think it's time to a big upwards movement. price is so near by monthly resistance band, there's a big chance to riseing up.
MBL EXPECTED RETURN 400% OVER THE NEXT MONTH Hello everyone,
*MBL is likely to rise more than 400% over the next month.
*Moviebloc's MBL market cap is just $50 million.
*BTC is expected to do V-shaped recovery
methodology
first, before I present my analysis let me briefly introduce my methodology. the price is represented by white candlesticks , the top chart is 12H candlesticks while the bottom chart is 6H candlesticks . the set of technical indicators on the price is composed of 9 price moving averages of the following lengths (16, 32, 64, 128, 256, 512, 1024, 2048, 4096). At the bottom of the top chart, in orange is the 365 moving average of 12H price change in % (multiply that number by 2 and it gives the average % daily return over the past 6 months). finally, at the bottom of each chart, the black area represents the volume moving average (the volume is related to BINANCE exchange).
technical analysis
the first step in analysis we need to calculate rate of return, an easy way to do that is by calculating the average % daily return over the past 6 months (the number in orange multiplied by 2) which is around 1.56%. On this rate MBL price is going to multiply 17X times by year end, in other words a conservative $0.15 price target by year end and it will still be less than a billion dollar market cap.
next step is to analyze the volume . the volume in the top chart shows no selling activity, while the volume in the bottom chart shows volume surging with buying activity not with selling activity. this indicates that hodlers are not willing to sell because they know the value of their asset.
finally, the price analysis shows that MBL after a double bottom (the analysis is related to the bottom chart) is very likely to revert towards its longer term moving averages around $0.0155 in the near future, that's 80% expected return over the short term.
if you like my idea pls support by like, comment, and share
thanks
Mostafa
