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MOXIE/USD

4H - updates

Hey there again Tavern Fams, whats up ?
Lets get to the point, Moxie here, last night updates, hits hard, imo we will have this short term bearish for moxie. 

Head and Shoulder Pattern in the making, the yellow bar line is the neckline, if that failed to hold, we going down, 0.0024 - 25 as the first stop. Further we going to test 0.0020 - 22.

Lower emission is good for the long run, soon or later this gonna happen either you like it or not.

MOXIE/USD 

4H - Updates

>> HnS on play here, neckline rejected, we going to sub 0.0027 - 0.0025 now.

>> MA200 chilling at 0.002535, looks like ready for a visit. 
You see here how a decision made reflected on the price action, its a hard pill to swallow, but it has to be made. 

>> Daily emission now sitting at 6M, which is more than 50% drop than the previous day ( 12 - 15M ) which is a good thing, means that its going according to plan. 

>> BTC bounce back and now swimming at 62.500++, reclaiming its major S/R area. Green weekend ahead.

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So you think the measured move of the H&S doesn’t get its full run from 200 MA (4hr) support? I could see it. RSA has cooled off quite a bit too

Im a bit of a degen, but also a chad.
Base Maxi




Yeah, the neckline fail to hold the weight and MA100 also losing its strength. Imo the closest one retracement is its next stop at MA200.

I havent check on D1 tho, things might looks different. But overall thing looks short term bearish for moxie.