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degen chad 🎩🤫Ⓜ️
@degen-chad
$MOXIE chart update: The pennant failed to play out and Moxie traded sideways out of the lower end, below the apex. We did not get a flush to the blue line. From there, it cleared above both of the pennant line extensions forming kind of rounded bottom, which is bullish. Bullish scenario here, is to clear the purple horizontal, build support, above that line and then send higher. An alternate path is an initial rejection at the purple horizontal forming a bit of a cup and handle. Bearish case is a throwback to the blue horizontal, which I think will be strong support, and won’t lose it by more than a wick. There are some big fundamental catalysts coming up next week. I think up is more likely than down. I’m giving it about a 70% chance of going higher over the next several days.
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Ⓜ️OODY🎲
@moody1899
Thanks for the analysis! You do one of the best analyses, it's worth reading here for that reason alone! What do you think could be the reason why CB has been using a rather strange listing strategy lately? I'm thinking that Virtual was left out, but if I just look at the volume and the project, it doesn't add up why they didn't list it? I hope that won't happen with Moxie, because it's undoubtedly one of the most transparently built projects, with huge potential!
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degen chad 🎩🤫Ⓜ️
@degen-chad
I think they want to list more, but…They are a massive publicly traded US company. I just think they are very careful not to list things that are clearly securities until there is more regulatory clarity. Which hopefully comes soon. I don’t think they are intentionally trying to punish Virtuals or anything like that
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Ⓜ️OODY🎲
@moody1899
I didn't assume it was intentional, I just keep forgetting that stock exchanges have to be more careful in the US to avoid accidentally listing something that could be a security. There's no real danger of that happening here in Europe at the moment.😆
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degen chad 🎩🤫Ⓜ️
@degen-chad
That’s actually different. All stocks are absolutely securities.
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