MYCO - Next Move?
MYCO has formed a prefect cup & handle on the daily
- 4 hits against an important 0.60 resistance
- handle dropped perfectly on the 0.5 fib support level
- price is currently consolidating right below resistance
Fundamentals in the psychedelic space are lining up perfectly for a MYCO breakout.
- they are 1 in only 4 companies currently approved for phase 2 FDA trials
- confirmed listing on the first ever psychedelic ETF - PSYK
However, a breakout will only be confirmed after a daily close above 0.60 - volume and a newly approved catalyst will be key
Good Luck to All!
- 4 hits against an important 0.60 resistance
- handle dropped perfectly on the 0.5 fib support level
- price is currently consolidating right below resistance
Fundamentals in the psychedelic space are lining up perfectly for a MYCO breakout.
- they are 1 in only 4 companies currently approved for phase 2 FDA trials
- confirmed listing on the first ever psychedelic ETF - PSYK
However, a breakout will only be confirmed after a daily close above 0.60 - volume and a newly approved catalyst will be key
Good Luck to All!
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