MOF - Molecular Futre continues to consolidate between a line of resistance and the 50 day EMA.
As this flag/pennant lengthens so we move closer to break out.
Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water.
All the signs are on for a break out north as we have already seen MOF break out north earlier in the month.
I expect the price surge higher and break the resistance at .00149 and target the next line of resistance AT .001907 but when that will happen is anyone's guess.
I think that by Monday (28th March) we should have seen price break out one way or another.
As this flag/pennant lengthens so we move closer to break out.
Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water.
All the signs are on for a break out north as we have already seen MOF break out north earlier in the month.
I expect the price surge higher and break the resistance at .00149 and target the next line of resistance AT .001907 but when that will happen is anyone's guess.
I think that by Monday (28th March) we should have seen price break out one way or another.