MBL Trading Above Resistance, Another Good One (90%+)

16 Jul 2020

MBLBTC looks strongly bullish on this chart...

This is a pattern you will notice with my chart as I share mostly bullish altcoin pairs.

This chart is 'young' so there isn't much history...
Yet, we have the Fib. tool which can help us when the Moving Average lines are not available.

Prices for MBLBTC have broken above the 0.5 Fib. extension level signaling possible additional growth.

The arrows and lines (green, red and black) on the chart represent the main scenarios I see developing for this pair... All bullish even if prices drop (red and black).

Here we have a 90%+ target which can be hit within 2-3 days or 2-3 weeks...
Yes, big difference but that's the cryptocurrency altcoins market for you.

What to do in this type of scenario?

Basically you can buy and hold patiently until the next move fully develops.

Set a manual stop-loss in case prices drop suddenly but not the classic stop-loss as you might lose your money to a stop-hunt bots.

This is not financial advice.

Namaste.