It seems that it is starting a new market cycle.
1h and 6h Stoch RSI looks good
12h and 1d Stoch RSI seems to reverse
Currently building support and trying to break 1h, 12h and 1d Ichimoku Cloud.
MACD looks good and on 6h it seems to reverse.
Heikin Ashi looks good for multiple timeframes except 12h
Don't be afraid of the last MCO, pull back, the chart is still pretty bullish for my opinion.
You can see bullish divergence on 3 indicators.
Take care.
MCO has increased substantially in the wake of the BTC uproar and immediately subsequent downtrend. As we approach a new BTC "norm", we should be prepared to take advantage of BTC HODLers dumping Altcoins at sub-optimal prices to re-enter BTC holds.
MCO has tested an apparently solid support line just above 0.001 BTC/MCO. If it holds to its current uptrending...
Hello,
We have an accending triangle here. Just wait for the triangle breakout.
Target is about 0.00185 (fibo level + triangle tp)
Stop loss is 0.00075( last price swing)
Take care.
MCO appears to have found support at 80k sat after the sell-off from the latest exchange news. If it continues on the current trajectory, I expect it to either complete the cup and approach the 127k sat level or hit resistance at 120k sat and continue trading within the large wedge until next week. Any thoughts or constructive criticism are welcome.
5 Asians exchanges announced and then began trading including korean-Bittrex UPbit. 5 new exchanges will be added this week according to Monaco card CEO.
We’re happy to announce that NEXT WEEK $MCO token will be listed on several Korean and Japanese exchanges. One-two punch! @monaco_card
BUY NOW 0.0010
TARGET 0.0015
MCO BTC gave almost 150% in matter of 24 hours on 5 exchange listings and the launch of new debit card.
But, what goes up, always comes down!
On 1 hour chart, we see the following:
- Elliott wave formation
- ABC formation can take place
- previous support (green line)
Buy orders can be placed around 0.0009-0.00092 area with stop loss defined via red line on the...
Monaco has recently shot up in price and is now is the overbought section of the RSI which could indicate that the market is expecting a reversal in price. We have set some nice support and resistance lines that both correlate with the Fibonacci levels, for instance, the primary support (1st) fits tightly in range with the 50% levels on the Fibonacci, you should...
