LegionQ8

Partisia Blockchain starts to move in upward trend

Long
GATEIO:MPCUSDT   Partisia Blockchain/Tether
Hello traders, I want share with you my opinion about Partisia Blockchain. Looking at the chart, we can see how the price some days ago declined to the resistance level, which coincided with the seller zone and soon broke this level. After this, MPC made the double bottom pattern, after which turned around and made a strong upward impulse higher than 0.3900 level, breaking it again. But later, the price turned around and declined to the seller zone, where MPC some time traded very close to the 0.3900 level and soon broke this level again. After this, the price entered to symmetrical triangle, where Partisia Blockchain at once made a downward impulse from the resistance line to the support line. Soon, the price turned around and rose from the support line higher 0.2620 support level, which coincided with the buyer zone. Later MPC declined to this zone, after which it at once rebounded up to the resistance line, but soon price rolled down to the support line of the triangle. A not long time ago MPC bounced from this line and now it trades close to the resistance line of the triangle, so, for this case, I think Partisia can exit from the triangle, and then make a retest. After this movement, MPC can continue to rise to the resistance level, and when the price reaches this level, Partisia Blockchain will break it, make a retest, or at once continue to move up. So, for this reason, I set three goals: 1-st TP at 0.3900 resistance level, 2-nd TP at 0.4920 points, and 3-rd TP at 0.6650 points. Please share this idea with your friends and click Boost 🚀

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