ZOGRAS

Analytics MCO/BTC

BINANCE:MCOBTC   MCO / Bitcoin
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The asset is over a year old, its idea is simple - issuing debit cards linked to cryptocurrency. Characteristic of the token is so that does not follow up the market, and rate fluctuates in its corridor. Despite low trading volumes, large buy orders appear. This apparently connected with the specifics of the cards themselves - their holders need to freeze a certain deposit nominated in the MCO for half a year. This case adds risks - the rate may be under pressure.
Since September 12, the token price has gone into a steady sideways trend. This indicates a strong upcoming movement as a rule. The asset is distinguished by strong levels of support and resistance , so the price fluctuates in zone of 0.000652 - 0.000682. A good entry point is in the area of 0.000619-0.000635.
Intraday movement is around 3-6% on low volumes, liquidity is low. Technical analysis says that the rate will move downward in the medium term. The growth potential is about 110%.
Observe carefully the volume and asset’s news after the new year.
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