MC IHS playing out potential big reversal

Dec 19, 2021

MC is a metaverse coin that got listed on Binance once the Btc dip started thus bringing it dosn to the 4 5 dollar level from a high of 11 dollar.

It has now formed a near prfect ihs and just retested the neckline.

I believe we are ready for a nice lift off.

Firat TP 7 dollar then 8 at the 6.18 level.

Smaller tf Macd and rsi look good for a reversal

Volume is lagging a bit though

Dec 19, 2021

Note

Note to self: Dont get greedy.
Rule of thumb for IHS is that the amount of gains is equivalent to the lengt from the head to the right shoulder of the IHS in our case from 4$ to 5.3$ so a total of 1.3 $.
As such TP are is between 6.6 and 7$ .
I set my first TP at 6.79$ and am closing hte whole position for now but keeping an eye out to see what plays out. The current state of BTC is a bit worrying thus play it safe.

Made so many gains on MITH CTXC and COS last weeks but a lot of it is gone due to the volatility and my personal GREEEEEED