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...
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
Let's continue.
Based on fundamental and moves that what we saw before in august-october.
Friday may be news. Based on company's chief words from 2nd October that could be something interesting "in 7-14 days".
If yes then green zone sideways.
If no then red one.
18th of October will be dev update.
If dev update will be interesting so the price gonna reach...
Hello everybody. It's time for MCOBTC to move UP or Down.
I think if we will get the news from team this tokken will rise. Otherwise it can fall a little bit. What do you think about it?
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.
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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...
Hi traders :
Just analyze :
The shape is not yet complete
If you reach point 0.00272 and break it
we buy it and sell at 0.00345
stop lose : 0.00148
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If wave 3 is complted , there will be little corection at wave 4
After the correction finishes and...
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.
The price is going to bounce from the uptrend line. RSI will confirm price reversal, if we have a bullish candle. The downtrend line is a barrier for further upward movement. If the market can break it, we'll get a confirmation of upward movement. DMI shows that the market has power for moving upward. We can try to catch this movement placing buy orders above the...
MCO recently had a nice 20% + rise before settling into a holding pattern around .00215. Looking at the cloud and RSI levels, we should expect another healthy rise in the near future if the price breaks .0022 and gets above the kumo cloud. We may get another weak climb above the current pattern before re-testing resistance at .00255 and eventually .00283.
Waiting for MCO/BTC jump till 0.00311 fib line. By looking at Directional Movement indicator we can see that DMI- is crossing with ADX, that means it will rise if it doesn't break support line.
