MBOXUSDT trade ideas
MBOX reverse head and shoulders#MBOXUSDT
$MBOX broke out from descending resistance line, and now pull back to confirm it as support, also here is a long term support zone that make it stronger.
I can see a reverse head and shoulders pattern that price rejected from neckline, maybe price have some sideway moves in this zone and make another head and shoulders in shorter time frames, then start a rally to $6 that is the target of this pattern.
😜MBOX- Go for YOLO buy or wait?!The price tested swing level (3.478) and reclaimed higher levels.
I'm still not sure about the upper trendline, you could possibly draw it in a different way and get a different narrative, but I decided to go with the assumption that the price DID NOT break the trendline.
Entry: -- explained on the chart --
Targets :
TP1: 4.478
TP2: 5.518
TP3: 6.614
TP4: 7.350
TP5: 8.501
TP6: 10.296 (~130%)
TP7: OPEN ++
SL: YOLO (don't learn from me)
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About MBOX:
MOBOX is a community-driven platform empowering users by rewarding them for their engagement and enjoyment. The MOBOX Protocol combines the best of yield farming DeFi with Gaming NFTs creating GameFi: The new revolution to Free to Play, Play to Earn gaming.
Source: coinmarketcap
MBOX shark pattern#MBOXUSDT
The Mbox project is strong as it is one of the promising tokens in the NFT space with high growth potential. As seen with its daily growth and possibilities in the crypto world, owning such a coin will boost any crypto/NFT enthusiast in the world today.
The idea behind this NFT token is for players to earn as they play, as this token hinges on the Defi yield farming system. The Mbox token has various functions ranging from staking, transactions and exchanges, and even governance to help distribute the token where it’s due and all this, of course, happens on the Mobox system.
$MBOX price has broken out from falling wedge, that is a bullish pattern, also it can head up to complete shark pattern, that is around 80% increase from here.
mbox will pump hard soon. Buy it......There is a down trend line. It brock out yesterday and now Testing 20MA and strong support in daily chart. RSI indicate it is on around 50 and MACD indicate a buy signal. the mobox team also very powerful team and the platform is very popular among people. So it will pump hard soon. I expect It will pump to 1.618 Fib level. you can buy it and hold it some days for good profit or this is dip of Mobox. No have another chance to buy it. BINANCE:MBOXUSDT
MOBOX COIN CASE STUDYHi,
I'm sharing MOBOX coin chart. If you look at it we made a floor and price moved to the upside almost rallied 160%. Now, price is back to that floor and taken out all the floor liquidity sitting under it.
That shows MBOX probably will target the high side liquidity or sell side stops.
I'm expect a good return from this setup. I would like to see if it breaks above the swing point and show some strength.
All the best!