MOODENG/USDT Technical Analysis – November 2024
The chart indicates that MOODENG is forming a potential upward channel, supported by recent price action that shows a notable recovery from a dip.
Key Observations:
Current Price: $0.21849, showing minor retracement.
Support Level: $0.19932, serving as a key threshold to maintain the bullish setup.
Resistance and Targets:
First Target: $0.34453 (Potential gain of +72.85%).
Analysis Insight:
MOODENG appears to have broken out from a rounded bottom pattern, suggesting further bullish potential if the price stays above the $0.19932 support level. A move past the recent highs would confirm an uptrend and aim for the primary target at $0.34453.
Conclusion: Monitor the $0.19932 support for confirmation of the continuation. If the support holds, the setup remains favorable for further gains.
#MOODENG #Crypto #TechnicalAnalysis #PriceTargets
The chart indicates that MOODENG is forming a potential upward channel, supported by recent price action that shows a notable recovery from a dip.
Key Observations:
Current Price: $0.21849, showing minor retracement.
Support Level: $0.19932, serving as a key threshold to maintain the bullish setup.
Resistance and Targets:
First Target: $0.34453 (Potential gain of +72.85%).
Analysis Insight:
MOODENG appears to have broken out from a rounded bottom pattern, suggesting further bullish potential if the price stays above the $0.19932 support level. A move past the recent highs would confirm an uptrend and aim for the primary target at $0.34453.
Conclusion: Monitor the $0.19932 support for confirmation of the continuation. If the support holds, the setup remains favorable for further gains.
#MOODENG #Crypto #TechnicalAnalysis #PriceTargets
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Subscribe to my Telegram Channel 👉 :
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Subscribe to my X 👉 : x.com/VIPROSETR
t.me/addlist/y5mi70s3c0Y3MDQ0
Subscribe to my X 👉 : x.com/VIPROSETR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.