What about the uptrend that MCL token started...
The pair started its upward trend from 7.25 levels on September 24 and carried its movement on 19.45 levels. However, the continuation of purchases at this point caused a downward trend to begin.
With this downward movement, the support point of the uptrend, 15.20 , was reached on October 7th. The pair is now in an effort to rise above the uptrend again.
For now, the resistance point of this trend coincides with the 15.65 level. If this level is crossed upwards and the 15.93 level is broken then we can characterize this pullback as a sag. If this happens, 17.29 and 17.80 levels can be targeted again in the pair.
However, as the 15.65 resistance cannot be broken after a few tries, the parity will lose power, and the risk of the downward movement to regress to 13.83 and 13.01 levels, with 14.87 intermediate support point will increase. For this reason, the most important point that will determine the direction of the parity is whether the 15.65 level is broken for the time being on the 4-hour chart.
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