$MOG 1D Chart Analysis

Price action has created a large blue rising broadening wedge.

Inside the blue rising broadening wedge is a light blue cup and handle pattern that has broken out to the upside.

On the breakout of the light blue cup and handle pattern price action has formed a yellow cup and handle pattern that has also broken out to the upside.

On the breakout of the yellow cup and handle pattern price action has formed a white falling wedge consolidation pattern.

Falling wedges break to the upside 68% of the time. The falling wedge looks like it could have 1 more wave down in the consolidation. Price action could retest the dark blue rising broadening wedge before the breakout of the white falling wedge.

$MOG Targets
1) $0.0000014363
2) $0.0000015615
3) $0.0000021057
4) $0.0000025550
5) $0.0000029158

Every pattern has its own measured moves and corresponding targets.

NFA, DYOR ⚠️

#Crypto # Trading #MOG