MonaCoin price is about to test 100-Day EMA line. The coin has fleetly bounced from 20-Day EMA which was a key support in the past days. The 100-Day and 50-Day EMA has been acting as a resistance since. Earlier the coin price tested these EMA lines but was not able to break above. MACD is currently below the ‘zero’ centerline, indicating a bearish trend, but I expect a bullish center line crossover in the next few days, when the main MACD line will move above the zero line providing more strength to the bullish trend.
If you look at MONA's chart, the MACD rised above the signal line in the past week. The RSI is reading above 50 and indicates an uptrend. Another bullish signal is visible soon when the 20-Day EMA will rise above the 50-Day EMA.This is popularly known as a golden cross, and interpreted as a buysignal. So, quite a few bullish signs there for MonaCoin. But where can you expect all of this to stop?
If you look at MONA's chart, the MACD rised above the signal line in the past week. The RSI is reading above 50 and indicates an uptrend. Another bullish signal is visible soon when the 20-Day EMA will rise above the 50-Day EMA.This is popularly known as a golden cross, and interpreted as a buysignal. So, quite a few bullish signs there for MonaCoin. But where can you expect all of this to stop?