Description
⋅ MDABTC (Moeda Loyalty Points) printed a strong bullish wave in late October and later entered a correction phase.
This correction ended up with a falling wedge pattern and prices bouncing just below the 0.786 Fib. retracement support.
We can see MDABTC now back above the 0.786 Fib. retracement support level.
Together with the falling wedge, a MACD bullish cross, and many altcoins starting to turn... This can signal that the correction is over.
Additional details on the chart.
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