Great breakout for Monaco (MCO). Now sitting above the 200 EMA line (broke and closed above it on the daily time frame).
This looks good. Good potential for further gains.
There will be a huge retrace, YES, but still the resistance was broken, so it might continue to go up.
Note: This is not a trade.
This is no trading advice. Please trade at your own risk.
If you want to trade Monaco now, please wait for the retrace and a good entry point. Think carefully before buying; capital management, diversify and only invest money that you can afford to lose.
Thanks a lot for reading.
Namaste.
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Weekly chart shows that there is room for more action...
What's your take on this one?
Please share on the comment section.
Thanks again for the continued support.
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Yes, there is plenty of room left for Monaco (MCO) to keep on growing, specially if the market turns green.
Both the daily and weekly charts show clearly that this is possible. So if you want to go long on this coin, feel free to hold.
4h:
1d:
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The signals are there. Monaco (MCO) is loading up, it can shoot up anytime in the coming days, can happen within this same quick.
Trade active
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Monaco (MCO) is now safely trading above the EMA200 line and getting ready for an increase in price.
When the news are official, the cards are released the price can go up a lot but it will depend on the market cycle. When the cards are released, the price can fall temporarily before going back up.
ftomicioli
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@alanmasters, awesome! I can feel that it will be a great result.
kigo1
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YES MONACO! Been holding since your trade in January @alanmasters and bought more at the dips ever since! Thanks for bringing this great project to my attention.
AlanSantana
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@kigo1, I am happy to hear that. Looking forward to seeing it move up.
primiq
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Looking good right now. A small jump up to come soon following BTC's jump?