In the 1h chart MDA is in a Falling Wedge Continuation pattern. If it breaks out, it will test again the resistance at 42800 sat. Might be a good idea to take from profits.
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Comment
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So far so good as MDA has touched 4 LL (lower lows) and 4 LH (Lower Highs), now it's about time for rally up to the main resistance of 42xxx sat.
Trade active
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The immediate targets before the strong resistance at 42xxx are 27880 and 31000. And check the MDA Update below, it's following the TA exactly.
What was happening with mda? Whales block market to buy in
Siam-Whale
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Siam-Whale
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CryptoSandro
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Good evening. How are you seeing MDA? I’m still in.
Siam-Whale
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@CryptoSandro, I'm still in too. I think we have reached the bottom. If MDA follows this falling wedge, it should breakout upward then to the target. This is just my opinion, not a trade advice.
CryptoSandro
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Good day, I appreciate your TA. Do you think MDA is going back up today?