Following a significant movement to the upside above the weekly valid DTL, MPAY is seen bullish as the price structure began to push higher with formation of HH and LH. A healthy pullback is seen since Feb by a symmetrical triangle pattern on lower timeframe. Theoretically, a symmetrical triangle could breakout in less than three months, which we believe in any becoming weeks. A price movement above 0.22 could push the price towards 0.33, followed by 0.51. Support is seen at 0.18.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only