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💎
-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
💎Technical Analysis Summary💎
-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 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...
-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
Comparison fractal of MCOBTC to USDOLLAR, very strange to see this correlation across such different pairs. Any thoughts? leave them below :) It can be seen that an ascending scallop led to a bullish breakout in both.
No oped on this publication -- brief, short, concise. MCOUSD in itself is now facing a near 10 month bottom; with BTC struggling to break $7180 resistance; it looks like ETH is looking fairly bullish on ALL pairings -- coupled with the positioning MCO is already poised for a price surge via USD / BTC; therefore (out of sheer curioisity) I decided to check pairing...
MCO is up over 100% move from its swing low, I am looking at this potential scenario of inverse Head & Shoulder pattern if price can hold the support area 5000 - 5500 sats.
It is a bit too early to say this will play-out but the fact price is already above 200 Day MA. There is a probability it will soon.
1. Quintuple testing of the same resistance trendline? (A)
2. BTC bottomed out on channel? (@RELATED IDEAS)
3. RSI approaching testing above 50 again? (50 RSI<X<60.11)
4. Quadruple testing of horizontal support (now resistance)? (B)
There will be some slight downward movements as in april/may, with a high chance for a breakout afterwards, as with most...
Fibonacci Targets provided As well as pivot lines and R1/S2 It’s not too late to make your entry for short so If u want to take a position i suggest u do so before you FOMO
Stop - $3.26
This is not financial advice; you are presumably a grown ass man or woman
Please trade responsibly do not invest more than you can afford...
Those of you that are familiar with my publications or have read them in the past know exactly what I’m about to say; particularly Because these are my favorite indicators and I happen to get it extra giddy with excitement whenever I spot them and that is:
M tops & W bottoms! (Links below for references)
Looks like in the case of MCO USD we have a W bottom in...
Targets 1-3 & pivot line illustrated in the chart.
Set your stop losses to $3.789 — Based on the W bottom and volume accumulation meetings altseason is right around the corner.
Now would be the optimum an ideal time to stake in the MCO Visa Card as it’s sitting pretty...
I see the opportunity to sell MCOETH
this will be short term
as it must be retrace back before moving to the same price as today
If you know how to trade short term
short this pair
If you like my signal please help to like and follow
Thank you very much