Price action of Moeda Loyalty Points (MDA) with Bitcoin pair has formed Cup & Handle pattern and the handle has retraced almost upto 0.618 Fibonacci sequence and now the price action is moving sideways.
The MACD was strong bearish but now it has turned weak bearish and soon it will be changed to strong bullish with proper bull cross.
Stochastic is also oversold and likely to give bull cross from this oversold zone.
Here I have used Fibonacci sequence to set the targets:
Sell between: 0.00010466 to 0.00013495 sats
The stop loss should be 0.786 Fibonacci level of Cup's bottom however you can also use you own stop loss strategies and suggest in comment section.
Regards,
Atif Akbar (moon333)
