$MUBARAK is 3.5% from its weekly high, and this time the volume is there: 3.8x its 7-day average.
Price is 0.0769, up 12.4% in 24 hours and 27.2% over 7 days. The weekly range runs from 0.05652 to 0.07971, so it has climbed about 36% off the low and now sits near the top.
What I like here is the combination. About 30.5M USDT traded in 24 hours, nearly four times a normal day for this coin. Hourly RSI is 63.3, firm but not stretched. Many moves I look at have one of these and miss the other. This one has both.
BTC is up only 0.86%, so this is MUBARAK's own move, and Fear & Greed at 70 (Greed) says the crowd is in a buying mood.
My view: constructive, but the test has not happened yet. 0.07971 is the line. A break above it with volume still well above average would be a real breakout.
What changes my mind: a drop back under 0.0684, roughly where it traded 24 hours ago. That would erase today's push and turn the high into a ceiling.
#Mubarak #BreakoutWatch
Price is 0.0769, up 12.4% in 24 hours and 27.2% over 7 days. The weekly range runs from 0.05652 to 0.07971, so it has climbed about 36% off the low and now sits near the top.
What I like here is the combination. About 30.5M USDT traded in 24 hours, nearly four times a normal day for this coin. Hourly RSI is 63.3, firm but not stretched. Many moves I look at have one of these and miss the other. This one has both.
BTC is up only 0.86%, so this is MUBARAK's own move, and Fear & Greed at 70 (Greed) says the crowd is in a buying mood.
My view: constructive, but the test has not happened yet. 0.07971 is the line. A break above it with volume still well above average would be a real breakout.
What changes my mind: a drop back under 0.0684, roughly where it traded 24 hours ago. That would erase today's push and turn the high into a ceiling.
#Mubarak #BreakoutWatch
