After a big bull run, MONA is forming an ABC correction that should bounce off the trend line established by the previous move. RSI has also bottomed out, we are close to touching fib support and the SMMA 50 represented by the purple line. If we close below the established trend line exit the trade. Good luck.
Comment
⋅
Target: $7.93 Stop-Loss: $4.89
Trade active
⋅
Broke resistance
Comment
⋅
Mona is actually holding up very strong considering the state of the market.
Trade closed manually
⋅
target reached a while ago (and then some), sorry for not updating earlier.
Do you see an average time frame for the upside?? Thank you for the analysis!
x2012cit
⋅
@Eduikeda, its trading right on the trendline so we could see a bounce at any moment
Eduikeda
⋅
I'm following it as well, and bought some, and fell like its going up... would like to buy more but I'm waiting for a dip, that maybe won't happen.... thank you for you're work!