MelonPort Breaking Out Of The Triangle
تم تحديثه
Melon has managed to finally break above the triangle pattern and $120 resistance. Prior to that, it has bounced off the uptrend trendline and the 200 Moving Average.
The trend now became very bullish with more upside potential. First strong resistance and the potential target is seen at 227.2% Fibonacci retracement level applied to the corrective wave from the last all-time high produced in June.
The price target is $228, while currently, Melon is trading at $130. This makes a potential short-term growth of 70%. Break above the target will add more volume and volatility, as well as a much higher upside target. Nevertheless, break below the Moving Average could result in a trend reversal.
The trend now became very bullish with more upside potential. First strong resistance and the potential target is seen at 227.2% Fibonacci retracement level applied to the corrective wave from the last all-time high produced in June.
The price target is $228, while currently, Melon is trading at $130. This makes a potential short-term growth of 70%. Break above the target will add more volume and volatility, as well as a much higher upside target. Nevertheless, break below the Moving Average could result in a trend reversal.
ملاحظة
Rejected the support, ready to move higherملاحظة
At the support and looking goodملاحظة
Could reach the target within a weekملاحظة
Melon is about to reach the targetملاحظة
guys, where are the likes? :)أغلقت الصفقة: تم الوصول للهدف
wowملاحظة
Melon broke above the target, could go higher
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