This was my warning about the CRO (MCO subsidiary) selloff:
Now MCO Crypto.com former Monaco is sitting below the last line of support. I expect a selloff from here because of the offline matter, until we figure it that whether is as scam or not. Scam it`s a hard word,...
💎Technical Analysis Summary💎
BITTREX: MCOBTC
-MCO closes the weekly candle below the major support area
-It also created a new All Time Low price
-With the Bearish engulfing candle
-It is a high risk buying this coin without any sign of strength
-The price could go deeper and catching a falling knife is dangerous
-Please don't invest or trade blindly
A big...
💎Technical Analysis Summary💎
BINANCE: MCOBTC
-MCO rejected strong at 5000s sat area
-The price is on a downtrend heading to the key level of support
-The 3500s sat area would be an opportunity for the Bulls
-If the can defend that region in the coming weeks
-If you are looking for a safer trading entry
-Wait until the midterm trendline resistance is broken...
MCO has broken out of its descending channel and is on its way up. Bullish price action, bullish MACD, and the price has cleared a clear resistance level. I'm long here.
MCO/BTC
-MCO found support at previous resistance zone last August 2019 trading action
-The 3500 sat zone is now confirmed as a strong key level of support
-A massive pump happened and broke the trendline resistance
-Currently, the price is holding above the previous support area
-This is a sign of strength after the strong breakout
-What MCO needs to do is to...
If Long Term Resistance Line cannot be broken we can see a strong pullback in the coming future with Stoch RSI and other Indicators at the peak of Oversold Level. Yellow Drawing is to show Mild Pullback towards Fibonacci Middle Band Support Line ranging around $0.1 USD and the Major Pullback from Orange Drawing @0.052 USD will be at a crucial support line to...
I personally own jade green and it works perfectly, looks like $MCO finally found a bottom. Good time to upgrade your current card or get one. Best crypto card on the market with great benefits.
Potential reversal or buying zone: 0.0004707 to 0.0003927 btc (this should be also stop loss)
Fibonacci projection or sell zone : 0.0005325 to 0.0006804 btc
Regards,
Atif Akbar (moon333)
MCO/BTC
-the price is slow approaching the last fib support level
-including the minor consolidation last Oct 2019 trading history
-I advise you to enter a buy position only if there is Bullish strength
-but if this level breaks like a hot knife through butter
-we will likely see a revisit of the low at 3000 sat range
-and potentially form a double bottom reversal
Reasons why MCO/BTC could go up:
- RSI oversold
- Every time the RSI was oversold there was a minimum 10% bounce to the upside so it will likely happen again
- The price is on a key support area so there is a good risk/reward ratio because stop-loss can be set just under the support level
Let me know your feedback!
thank you.
#MCO / BTC ( Binance, OKEx, Bittrex )
Buy Range : 0.0005534
Stop Loss : 4h close below 0.0005498
Target 1 : 0.00059585
Target 2 : 0.00069285
- Price action trying to build some kind of support in this zone.
- Bullish divergence spotted
- Great Risk / Reward. Very TIGHT stop loss ( remember use closed candles for confirmation )
- More trades and updates in my...
