#MOVE has been moving inside a descending channel for several months. It has broken above the daily EMA50 and the Ichimoku Cloud and is now on the verge of breaking out above the channel resistance.
However, with the RSI in the overbought zone and relatively low volume, there’s a chance #MOVE may retest the support zone. Consider buying between $0.1698–$0.1597, or wait for a confirmed breakout with strong volume before entering.
In case of a breakout above the channel resistance, the targets are:
🎯 $0.2238
🎯 $0.2791
🎯 $0.3311
🎯 $0.3830
🎯 $0.4569
🎯 $0.5511
⚠️ Always use a tight stop-loss and practice proper risk management.
However, with the RSI in the overbought zone and relatively low volume, there’s a chance #MOVE may retest the support zone. Consider buying between $0.1698–$0.1597, or wait for a confirmed breakout with strong volume before entering.
In case of a breakout above the channel resistance, the targets are:
🎯 $0.2238
🎯 $0.2791
🎯 $0.3311
🎯 $0.3830
🎯 $0.4569
🎯 $0.5511
⚠️ Always use a tight stop-loss and practice proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.