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.
Monaco (MCO) buying opportunity. It passed two support levels and 0.00247564 would be a safe entrypoint. Disclaimer The information is not intended as and does not constitute investment advice to any person. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or crypto. There are inherent risks in...
MCO can go up again and target prediction
Monaco is currently in a pinch. If it stays above the support uptrend slope, then we could see a bottom reversal in the coming days. When the bottom reversal happens, you can buy and wait for it to retest all time high. If it goes down, we could see it dropping to the support levels indicated in the charts above. Wait until the drop stops before buying.
Based on the 4H chart of Monaco, we can see that the price bounces from the support zone. This zone is formed by Simple Moving Average with period 50 and 0.003500 support level. MACD histogram and RSI confirm price reversal. DMI shows trend market conditions and allows opening long trades. It's a buy signal. Pending orders should be placed above the high of the...
MCO Bear Trend Reversal to Bull. 3rd Skyrocket lining up with the announcement of their card partnered with Visa. If MCO dips below .0032 BTC the bear will continue. Look for buy within the next day or two after it has crossed the cloud.
After the previous ATH a 48hour or so downtrend begun. However, since then a double bottom ('W' bottom) has formed and a downtrend trendline breakout then followed. Previous heavy resistance has become the current heavy support. Moon suits on.
After the previous ATH there has been a 48 hour or so downtrend. However, that trendline was recently broken after a double bottom was formed. A bull flag now seems to be forming. Let's do this.
Nice entry point right after bounce 2 retracements as support Stoch RSI suggests bull continuation Still bullish trend Buy order : 410 Target 1 : 447 (+9%) Target 2 : 480 (+17%) Stop Loss: 397.7 (-3%) Readjust Stop Loss under targets when targets are reached to secure profits
A couple indicators show a possible change in trend, upwards. If it happens, good entry point for new profits! Not financial or investment advise.
Looking at MCO's past history. Every breakout stops and retraces to the .618 level before reversing from the bottom. So now, you may buy MCO with low risk before it moves up again. Remember to always put a stop loss below your buy price to save yourself from the market's volatility.
On a 15, and 5-minute scale we see an inverse head and shoulders which is a reversal pattern We buy the on breaking the swing high (neckline - blue line) We set a stop loss on the latest swing low ( estimate - the lowest point swing on breakout - red line) We can also see a kumo-twist happening with a blue cloud on ichimoku