Will we see MCO reach $178 during the next bull run?
Obviously, this is pure conjecture and it need not be construed as investment advice.
MCO is forming a nice bottom in the demand zone. The bears have made a valiant effort to break the support at $3.91 but haven't been successful yet. If they succeed in breaking that support then get ready for capitulation. In that scenario, it is possible for the price to reach 63 cents.
That being said, the VISA cards are on the verge of shipping to residents of Singapore. This should happen very soon. This event could act as a catalyst for a major bull run.
Let's see how this idea plays out in the coming days.
@crypto_gunther, you think that after card release in singapure we mco can reach $100.00?
crypto_gunther
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@ftomicioli, That's a great question. I think it is possible to see MCO as high as $178 once the cards ship to Singapore. It is mandatory for the price to break the previous high of $28.99. Once that major resistance is broken then the sky is the limit since the next resistance is $4,704.97.
@thlwxh, Can you use parenthesis since it isn't clear how you arrived at $180.74?
crypto_gunther
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@crypto_gunther, Disregard. I understand how you arrived at that value.
thlwxh
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I suggest you stop posting your thoughts, your goals are changing every day, and you will mislead others.
crypto_gunther
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@thlwxh, Duly noted. However, I have posted some ideas of what could happen out of the set of infinitely many possible scenarios. I have not been dogmatic and have clearly stated that these projections are pure conjecture. A reader need not construe them as investment advice. I don't have the power to mislead others as you have erroneously suggested. My reputation is rather low in comparison to other top analysts on Tradingview but certainly not lower than yours. No one can be right 100% of the time since no one can predict the future. Therefore, a good analyst will suggest multiple possibilities of what could happen. And, no need to make suggestions that have zero value. It is your opinion that I will mislead others but some of my charts have been extremely accurate. Furthermore, this platform is not about being right all of the time. It's about presenting ideas that may or may not come to pass. No one is Nostradamus. Moreover, the charts change based on what happens in the market. Do you think the market remains constant? It is ever-changing. Therefore, a good analyst will post updated ideas that incorporate those changes. Lastly, anyone is free to post their thoughts (whether right or wrong) since we have the freedom of speech and the freedom to articulate what we think might happen in this volatile marketplace. So please, resist the urge to post comments that aren't helpful to anyone. I may be wrong in many of my charts but at least I make an effort to help others by giving of my time and energy for free. I don't receive compensation for the time and energy spent on these posts. For a time, I was posting private charts. But, some requested that I make them public. If you think the market will behave in a different way then please contribute by posting your ideas for the benefit of others. Otherwise, it is best to hold your tongue.