MBOXMarket is going to make strong bullish bed here, According to Fibonacci Retracement these are the targets to be achieved in next days. Market is in Extreme Fear so it means it is perfect time to buy and should be hold till 80+ Greed level to get perfect profit right here, don't be afraid to buying here and avoid panic selling if you buy at high rates, just hold and enjoy
MBOXUSDT trade ideas
MBOX bottomedOk, let's start this serie of analyses dedicated to metaverse and let's talk about MBOX. It's a P2E game backed by your truly Binance, meaning this will do well eventually! Max supply is 1bil and circulating supply is currently 389mil so relatively low as market cap is 461mil €. Considering binance backs this project I don't expect less than 3x from this, even because the game is already working (check this out: www.mobox.io ).
Let's talk about TA: I took the Fib retracement using the weekly chart although I'm showing you the daily chart to make it clearer so some line might look like it's out of place but it isn't. Price is currently in the best place for a reversal and to be honest it looks like it started the way up already, that yellow trendline shows as price is piercing through it. I've been buying the dip during the last days, even considering that BTC could go dip further I don't think we can go much lower, on the contrary I think price can grow a lot.
You can either DCA your entry or go all in from here, even if we dip I don't expect price to go below -20% in the WORST case scenario before going up again much more.
Good luck.
P.S.
follow me, I'll be posting new metaverse picks soon and even on twitter (nick: @shotokhan1 ) where I post screenshots of coins/tokens that aren't on tradingView
MBOXUSDT is testing the 4h resistanceMBOXUSDT is testing the 4h resistance and the price is creating a round bottom.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
🔥MBOX 🔥Testing a strong support 🔥might see 5$ before rally 🔥💥Hi my Friends,
As you see on the 1D chart of MBOX
1- After MBOX Crossed the old ATH at 10.8$ and had a great bounce to 15.7$ which is the new ATH now.
2- After the New ATH normally we should have a correction but we shouldn't break down the Previous ATH Support
3- Unfortunately MBOX breakdown the Previous ATH Support at 10.8 $ and closed daily below then it continue fall down till we reach now to the most strongest support at 5.4 $
💥NOW we have a strong support at 5.3-5.6 area and also we have the trendline which works as a good support as well
🔥 so we might have a bounce from the current support to the targets below
-- if it fails to have a bounce from here most probably will see 5$ before we start the rally
---I you are investing in that asset 3.4$ is very important for you and close daily below will be dangerous.
Targets:-
🟢7.8
🟢10.8
🟢12
🟢15.8
🟢22.1
🟢32.5
🔴STOP LOSS
Close Daily below 5$
🟩Trade Safely
🟩---------Not a financial advise--------------
💥 💥💥If you like my idea, give like and follow to receive all updates💥💥💥
--------------------------------------------Thanks---------------------------------
BINANCE:MBOXUSDT#368
MBOX/USDT
SCALP - SHORT - MID
Dec.08.2021
👉Buy: 6.5 - 6.7 👈
🎯Sell: 7 - 7.5 - 8 - 9 - 10 - 11 - 12
⛔️SL: D1 closing below 5.5 (or HOLD FOR MID TERM)
MOBOX Project is one of strongest metaverse projects in market and as i said a year before, future of gaming industry belongs to Metaverses and play to earn games and it did. still we are in early market for this kind of projects and by the end of this bull-run many of outflow from other types of projects will inflow into gaming industry and players will hold their investment by reinvesting it in play to earn games. in long term this projects will gain more market cap.
Price bounced from 0.786 fib. level and historically S/R level. in ltf price broken out of bearish trend line with decent volume.
MBOX Analysis MBOX is currently sitting at a support of around 7 (resistance and local resistance is marked in the green boxes), which is respected on the 4H, 1D, and 1W timeframe. Yesterday it was rejected from the orange parabolic curve and also the current trend line due to BTC influence, but yesterday’s bounce to 10 shows that there is a great deal of bullish potential as long as BTC is in consolidation/ going up.
If we zoom out a bit more we can see that MBOX is also about to test trend line from the previous structure, as well the the current downward line (all trend lines are marked in blue) at around 7. A breakout at 7, and a successful retest of this key support level would suggest a new price structure extending above the previous ATH. To make a dubious speculation: around the price of 22.
A bearish case would be if BTC gets rejected off 51K, then MBOX will probably move down to the major support of 5.7, which is a no-brainer buy zone.
But all of the TA is subject to change in market sentiment and BTC movements, so I would advise you to either wait for BTC to make up its mind, or wait for a retest of 7. Not financial advice, please trade carefully.
Mbox Potential moveKindly, like comment and follow me!
mbox Currently support @6.20
At weekly demand zone, a potential bounce off is expected back to 10, 12, 15, 20, but if 4hr candle close below @5.5,
we might see some down side...
generally mbox syill looks bullish, with alot of recent activities going on within it's community...
Mbox remains a Good project!
Pls note: Note a financial advice
Do your own research.
🔥MBOX 🔥has Two reversal Patterns 🔥let's have a great bounce🚀💥Hi my Friends,
As clearly mentioned on the 4H chart
MBOX has two reversal patterns:-
1- Morning Star pattern
2- Engulfing pattern
Both of them telling us that we will see a good bounce soon
Targets :-
🟢11
🟢13
🟢15.7
🟢17
🔴STOP LOSS
Close Daily below 5.5$
🟩Trade Safely
🟩---------Not a financial advise--------------
💥 💥💥If you like my idea, give like and follow to receive all updates💥💥💥
--------------------------------------------Thanks---------------------------------
₿ MBOXUSDT 1D ₿ : 04.DEC.2021 : $MBOXAppealing price ranges for long-term investment and HODL in #MBOX : 5.5$ - 8.5$
Important support and resistance ranges are marked on the chart and everything is clear ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️