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.
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