Molecular Future has (apparently) arrested its steady decline for the last 8 weeks and is tracking sideways.
Price is now trapped between a rising trend line and the 200 EMA in a clear flag or pennant formation.
Which way it breaks is anyones guess but it looks as if we shall see price break out either up or down over the next few days.
I remain mildly BULLISH on MOF based on its performance before the asset was forked (diluted).
As a trading opportunity the picture is mixed but asa a hodling opportunity I think that at .00085 cents this is a very cheap asset and certainly one thats worth buying a few hundred dollars worth and forgetting about.
Price is now trapped between a rising trend line and the 200 EMA in a clear flag or pennant formation.
Which way it breaks is anyones guess but it looks as if we shall see price break out either up or down over the next few days.
I remain mildly BULLISH on MOF based on its performance before the asset was forked (diluted).
As a trading opportunity the picture is mixed but asa a hodling opportunity I think that at .00085 cents this is a very cheap asset and certainly one thats worth buying a few hundred dollars worth and forgetting about.