MOVE is ready to go? The descending wedge hides the foreshadowing of a surge, the calm before the storm!
On the 4-hour chart, MOVE is quietly drawing a classic descending wedge bullish pattern, and the price is gradually approaching the end of the wedge, and a breakthrough is imminent! From the perspective of historical rules, this pattern is mostly a signal of a bullish counterattack, and this time, the bulls' "road to revenge" may be about to begin.
MOVE has stabilized on the 20-day moving average many times recently, indicating that the short-selling firepower is gradually weakening and the bulls' potential is secretly accumulating. Once it successfully breaks through the upper edge of the wedge, MOVE may usher in a wave of rapid pull-up, and the bears may be caught off guard.
The current market seems calm, but in fact there are undercurrents. The trend of MOVE reminds people of the moment when the bowstring is fully drawn, waiting for the moment of "breaking the wedge". It's time to keep an eye on the screen and prepare to witness the miracle of MOVE's outbreak!
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