Mercury (Final Call)

I love Mercury... I don't know if it is because of the start but I like this name (⭐️ it is because of the Star).

Here we have prices safely and strongly trading above EMA10 and also MA200, which puts this pair on the "strongly bullish" map.

The next target is sitting at EMA300 (grey line).

The way the chart looks now, remember that charts are always changing, MERBTC can easily jump next.

The next resistance can be found at the purple trendline but this level has been tested already and we ended up with a higher low.

What this means is that Mercury (MERBTC), can takeout this resistance and go straight up (green arrow).

If the main bullish scenario does not take place (red arrow), we remain bullish after the drop (blue arrow).

Namaste.