Long
MVP Forming Ascending Triangle
Merculet has been on an upward trend since its all time low on March 18th of this year. It has experienced resistance at the 310 Satoshi mark several times. The Bears are looking tired.
A more recently developing symmetrical triangle has been forming since July 17th and may cause a breakout to test the 310 Satoshi price level.
Potential take profits for after 310 break:
403 Satoshis: Last low or support before dipping below 310
508/537 Satoshis: Height of Triangle (199/227) plus 301
562: Low/Area of Support in September 2019
602 Satoshis: High/Area of Resistance in late 2019
5376 Satoshis: All time high for the astronauts out there ;)
A more recently developing symmetrical triangle has been forming since July 17th and may cause a breakout to test the 310 Satoshi price level.
Potential take profits for after 310 break:
403 Satoshis: Last low or support before dipping below 310
508/537 Satoshis: Height of Triangle (199/227) plus 301
562: Low/Area of Support in September 2019
602 Satoshis: High/Area of Resistance in late 2019
5376 Satoshis: All time high for the astronauts out there ;)
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