$MYX currently trading at 0.11154.
It's forming head and shoulders chart pattern,
indicating sellers actively pushing prices
down. On 4HR TF Left shoulder &
head has already formed, now it's in the
process of forming the right shoulder.
Neckline resides at 0.1045, if this level
is breached before a bullish rally up,
our H&S will be confirmed & we could
potentially expect a voilent drop to the
downside.
(Check the image for Max target & Short Setup)
On the head, a strong bearish
Marabuzo candle has already formed
further confirming the upper hand of bears.
Overall since the launch of this coin,
$MYX has been converging into a
pennant triangle, which is a neutral pattern
and currently it's at end of the breaking point—
hinting towards a major shift coming soon!
Which way you think it will break?