MPCUSDT Cup and Handle formed! Strong BUY!!

Apr 10

The MPCUSDT, Partisia Blockchain's token, eventually formed the Cup and Handle (C&H) pattern on the 4H time-frame that we described on our last analysis and today hit the 4H MA50 (blue trend-line) again for the first time in almost a week. Notice how the 4H MA100 (green trend-line) has been supporting the Handle ever since it emerged.

This created MPC's first 4H MA50/100 Bullish Cross and what's left to confirm a new rise is for the 4H MACD to form its first ever Bullish Cross above the 0.000 level. What is also interesting and we certainly want to see it materializing for the long-term, is for Partisia to close the current 1W candle in gains. A green 1W candle this week would be the 2nd one in a row. That would create the necessary conditions for a sustainable bullish reversal towards Resistance levels 1,2 and 3.

From a fundamental perspective, there is a lot of movement and news: the Parti Wallet (MPC Wallet Chrome Extension), partnership with TPC Ventures and many more that you can catch up on their Twitter updates.

Overall out short-term targets of 0.5750 and 0.6900 are intact. Long-term, the sky is the limit.

Stay tuned, this Gem is really an exciting one! We couldn't be more thrilled with its long-term potential!


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