MOGUSD

Keeping a very close eye on this one here. We are in a parallel channel on the 1 week chart and could play out 3 different ways. I think we could possibly fall to the bottom support line of the parallel channel and bounce back up, a fake out falling below the support and returning to the parallel channel, or could fall below support and continue to dump to the next major support. As of now I am neutral and will watch this one in the coming days. As always, this is not financial advise and I always recommend to DYOR.