Bullish Momentum: Migi Analysis Update
Historical Pattern:
Back in January 2021, MIGI showed a bullish move when the weekly candle went above the Bollinger Band, and RSI was above 50, resulting in a 300% gain over 21 days.
This week's candle is currently above the Bollinger Band, and the RSI is also above 50, suggesting a potential bullish move.
Fibonacci Levels:
Using Fibonacci retracement from the high in August 2021 to the lows of August 2023.
Golden pocket levels to watch: 64.35, 73.11, and 81.87.
Estimation:
Considering historical patterns and current indicators, there's potential for a bullish run.
Watch for confirmation from the current week's candlestick and keep an eye on potential resistance around the Fibonacci levels.
Tips:
Stay updated on market news.
Consider other indicators for confirmation.
Practice proper risk management.
Back in January 2021, MIGI showed a bullish move when the weekly candle went above the Bollinger Band, and RSI was above 50, resulting in a 300% gain over 21 days.
This week's candle is currently above the Bollinger Band, and the RSI is also above 50, suggesting a potential bullish move.
Fibonacci Levels:
Using Fibonacci retracement from the high in August 2021 to the lows of August 2023.
Golden pocket levels to watch: 64.35, 73.11, and 81.87.
Estimation:
Considering historical patterns and current indicators, there's potential for a bullish run.
Watch for confirmation from the current week's candlestick and keep an eye on potential resistance around the Fibonacci levels.
Tips:
Stay updated on market news.
Consider other indicators for confirmation.
Practice proper risk management.
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