Falling wedge (bullish). Moderate RSI. Resistance around 75K shitoshi. Potential opportunity if breaks resistance.
It looks like the asset has found a level of support. The price should be fixed above level 0.00100 to confirm the trend reversal Purchases can be made directly on the market, the asset has a great growth prospect. Recommended position LONG
The price diverges with RSI and MACD. It gives us a trend reversal signal. DMI is bearish but ADX line falls and it allows us to open long trades. Pending orders for buy can be placed at 0.000680 level with stop orders at 0.000615 level. Profit targets are 0.000800 and 0.001000 levels.
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...
The market has dropped to crucial support level. Also RSI on 4H, 1H and 1D charts looks oversold. It is posibble to try catching the falling knife near 0.00057-0.00062 zone.
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...
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 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...
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)