fernx
Long

MONAUSD Bullish Flag/Pennant Continuation...

BITTREX:MONAUSD   MonaCoin / Dollar (calculated by TradingView)
In the event that the current pattern breaks out above the upper trend line , it is highly likely the pattern will continue with an upward momentum.However, this idea is cancelled if it does not break out above upper trend line . Be cautious as the price could break down to lower levels. Monitor your trade.

**NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making trading decisions. Recommendations are welcomed.

Again, I am not an experienced trader.
Order cancelled
as mona is only really traded in 2 places, ive noticed the hype around mona in japan has dwindled, at least temporarily. on zaif (2nd largest exchange for mona) all the japanese users are far more interested in the games of xem and zaif compared to mona 2 months ago.

This is just a reminder that the market moves in cycles. Yes mona is down currently, but it wont stay down...as soon as it bottoms out, I have a feeling the traders on zaif are going to once again see it as "wow cheap mona!" and itll recover strong and retest the previous highs. I`d really like to see mona listed on binance and bitfinex, and it amazes me it still hasn`t been listed.

bias: i live in japan and own a lot of mona
+1 Reply
fernx henry7696
@henry7696, Aregato Henrysan :) ..for the fundamental information. I loved in Japan as a young man. Loved it. I agree with you and would like to see it listed elsewhere as well.
Reply
@henry7696, Mona, might look like it will go as low as $5 before any bounce back ($5 is support line from the 4 dip of the Impulse rise on the last round).
+1 Reply
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