Monaco finished Elliot Wave Pattern. Correction pattern will follow. Bear Flag already has been confirmed.
Following the previous idea on Monaco coin against the Bitcoin, price has rejected the support level at 161.8% Fibonacci retracement level that is 75.8k satoshis. MCO/BTC then went up as expected and today hit the first level of resistance, that is 100k satoshis. This is a very strong psychological level which should give idea on further price development....
Since the spike in price back on 19th of April, Monaco has been steadily going down. Price declined from the 320k down to 75k satoshis in just under two months, loosing 76% to the Bitcoin. While the price has been moving down, it broke below the uptrend trendline and the 200 Moving Average. Fibonacci applied to the corrective wave up after the breakout shows that...
Hey guys, I believe MCOBTC is looking to form a cup and handle. Typically, cup and handles form when the price drops slowly due to a correction. The price remains stagnant for some time, but then good news is expected soon after (Monaco IOS App Release this week or next week, card release possibly next month), so people begin buying up, and the sentiment becomes...
Monaco has consolidated within a Falling Wedge that looks prime for a breakout. Seems like a good entry position.
MCO just broke out of a descending triangle after going on a big run upward yesterday. Keep close watch
Here is a little hint for You who watching MCO entries! At the moment we have solid "Head & Shoulders" Chart Pattern! Right shoulder nicely supported with 100-,200EMA & 200MA +historically on very strong support area! Leave a comment about Your thoughts and if You like what You see - hit LIKE button ;) Best Regards!
Weekly investment idea into Monaco. Monaco supplys a variety of Platinum Visa Cards mona.co mona.co coinmarketcap.com CoinMarketCap Price 5/14/18 $10.91 USD (6.80%) 0.00125788 BTC (7.09%) 0.01500750 ETH (7.24%) Market Cap $172,332,809 USD 19,867 BTC 237,026 ETH Volume (24h) $35,419,400 USD 4,083 BTC 48,716 ETH Circulating Supply 15,793,831 MCO Total...
In few days we should see APP worldwide release and after that cards rollout should follow. :)
Monaco looks to be within a Falling Wedge WITHIN a Descending Broadening Wedge. If everything continues bullish, then we could see an inverse H&S for a decent bounce.
Monaco has hit an accumulation floor after many days of retracing. There are currently 3 supports below it, 2 trends + 1 Fib Level. Looks like a good position to enter in for a spike up to the 0.5 Fib Level. Stops set under all 3 supports in case the market decides to dump.
Monaco now in classic bubble correction. Day Stoch RSI on low levels and ready to start in 2-3 days. We have first strong impulse wave and good support volume under. Also day BB is tight and this is good signal in current context. You should split your take profits positions like your risk. I will keep it updated soon. Write your comments on this post!
MCO seems to have found a new trend line and has respected it multiple times. After that huge spike it has retraced back down, found support and held. It is now getting very close to that previously respected trend line and we may see another spike if it is respected again. Short term target 8%. Possible longer term take profit before daily resistance at 171385.
Monaco coin pumped and dumped yesterday. Testing if Bottom Finder will signal a buy alert after the p&d. Obviously no buy alert generated, good, not profitable anyway so no loss. No blue spike = no buy. Default Finder settings. Last buy alert ofcourse was prior to the pump so very profitable.