After a tough week for monaco holders and in my opinion an out of proportion dump. MCO is coming back to new strength and has moved above the Kumo from 1m to 1h chart with a strong bullish move. Current chart is 30m chart. Currently slightly getting overbought with this short term zoom in, but zooming out to 1D chart you see that MCO is still oversold at the...
Monaco has recently been slammed by Bitcoin's price increase and with some bad news, they announced they would be closing some contracts with Visa which has left the community fairly outraged. If MCO is able to fix itself the currency has the potential to quickly retreat back to the $8 - $10 mark. It should continue to follow the pattern it has been for the past...
We may be seeing a Head & Shoulders pattern form on Monaco, this currency tends to not sustain a high price for long since it has a low supply, therefore, it's extremely volatile so we usually always see a strong correction from a recent increase. We should also take into account that there is a solid Support and Resistance in place for the currency, you should...
in addition to 1.25% : +5.4% thx to btc rally. Waiting for new entry.
Failed to break resistance multiple times recently and a clear rising wedge seems to be forming. Watch to see if it can break resistance soon or a huge drop could be incoming
Hey! It was a hard month for holders of Monaco, but I think that next week there will be a lot of positive news, which will positively affect the price of MCO. --- Technically, everything looks good. Quite a strong bullish divergence from the price and the RSI indicator. Not too strong a falling wedge was successfully punched by a large buy volume. But, the...
There will be news within 2-7 days. Monaco should rise afterwards, the reason I think so is because Kris has not bothered so safe Monaco by spreading news Monaco will be fine. He is calm and knows when to bring out news about MCO. Therefore, I have a good feeling about good news coming up followed by a fast rise. Buy margins between 0.001450-0.0016, profit...
The MCO quickly formed an adjustable triangle pattern, and soon afterwards the price target (defined by the MSVD principle) was established. (note if you define the classic way did not complete the price target). At present there is no clear direction, however, there is a support level so it probably will not continue to go down.
MCOBTC LONG Above 219821 Tp at The RED line in the Chart
Don't usually see this often, resistance will get broken hopefully.
In chart-terms we found quiet strong support, if it holds, what it probally will, we will see a steady up-trend in the next months. Once they roll out the cards and release "the so far unreleased product-fetuares" we will see a massive upside im my opinion. SO: Buy the Rumors (NOW) and sell the news (may in 6 month/according to your trading-plan)
MCO buy zone reached while RSI 1d, 4h, 1h oversold.. strong buy IMO
MCO can go up again and target prediction