Next Parabolic Move is Brewing.. Are You Ready?

Just few hours ago, $MYX saw an incredible pullback ,

retracing from $2 to $0.8. There were two main reasons.

One, traders anticipated scheduled coin unlock

which is due to happen today and secondly,

break of trendline support which potentially triggered

stop losses, liquidations of long entries & forced

longs to either close their positions

or hedge it to cover from the falling jack knife.

However even after a remarkable steep drop,

$MYX still managed to recover flawlessly,

bouncing from $0.79 to $1.93, within 4

hours top! 🔥🚀

This remarkable volatility & unbelievable price action

is all due to the sheer volume of futures contracts

being traded, exceeding over $7 Billion on

Binance alone!

So what's next? Where is this coin heading now..

Currently $MYX is at the major resistance zone

at $1.8-$2.0. Stacking bullish candles on 1HR TF,

and especially last hourly candle being a Marabuzo,

suggests that the strength of buyers is

prevailing thus far. However indecision at the

current resistance zone may lead to form a Dogi

candle on the next hourly candle.

This could potentially draw down buyers

sentiments and trigger a downside retrace

to support at 0.79, which could lead to

forming a double top.

Of course a break of this support or neckline

will unquestionably lead us into a bearish trend.

On the flip side, if buyers manage to push it

above $2 within the next 20 mins, we could see

an explosive move upwards possibly targeting

unthinkable targets at $2.5, $3 and

as much as $5! 😳

MACD has also just bullishly crossed on the

hourly chart, further indicating a brewing push

to break through the above resistance.

If that happens, sky may be the limit &

#MYX may just warp space & time and

teleport to another dimension.

What are your thoughts on this coin,

please share them in the comments!

DYOR

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