I keep my eye on Mona..both of them at times... Its has very "neat" cycles, very clear break out, breakdown, flatline. In about 1.5 months of each other so far.
I use the BOSS Method to chart.. this includes mostly a 7 and 77 day moving averages, BOSS Method can also incorporate 21(red) day and 231 day.
Right now I believe Mona is looking for a "mini-breakout",...
I think that the pattern we've been seeing with Mona will repeat again because the sellers are gone, and we are hungry for new buyers :)
This update is actually more conservative and long term in time, but it could happen any time now. Watch for the uptrend triangle.
With an all time low MACD indicator on the daily.
Mona is looking like wanting more... The sellers are gone, we need new buyers, the volume is not showing up yet, BTC keeps ruing Mona imperial's views.
Take care, set stop losses, it could happen any time now.
As the MA 50 begins to reform over the MA 100, we could see consolidation or horizontal movement. If we see the MA 200 dip under 100, I suspect a full bull run.
My gut tells me that MONA will go up and will stay within its channel (follow the resistance green band down). We will see in 43 hours, until then I want to buy as it begins to hit the lower support...
In the event that the current pattern breaks out above the upper trend line, it is highly likely the pattern will continue with an upward momentum.However, this idea is cancelled if it does not break out above upper trend line. Be cautious as the price could break down to lower levels. Monitor your trade.
**NOTE** I am not an experienced trader. I am just an...
More analysis to come. But this baby is growing exponentially and repeating patterns that it did before. We're coming to the end of this correction. Two pieces of evidence for a descending wedge AND a cup and HANDLE!! This is IT right here guys!
Let's say we continue this linear progression for growth that we have seen for waves 1 and 3, then wave 5 could lead as...
MonaCoin moving in Ascending Channel, now we on its support. Plus now price formed Falling Wedge, after breakout we expect movement to supply areas shown on chart.
Target 1: 107 (50%)
Target 2: 148 (100%)
Target 3: 175 (150%)
Mona's first breakout point was crushed by what BTC was doing. I think Mona has minimum 50% potential once BTC allows for the growth.
Everyone be careful with this trade because of BTC but surely dont let these gains sneak past us.
Stay safe traders.
Indicators are positive, price is above the icho cloud, it turned green already, macd is positive and there will be 3 or 4 announcement in 1 week. And price broken the symetric triangle. You can google it also.
My targets are 0.002000 and 0.00220
google coinmarketcal and search for monaco coin $mco for take look at mco calendar.
MonaCoin has the potential to come back to its levels which we were in just days ago. I believe it will be seeing higher norms in the short term. Lets see what happens. Either way, these levels seem to be a good area to grab some.
If we bull our way past ~$15.00 (more importantly, 0.00097 satoshi), we should see a MASSIVE price change in the positive for MONA.
Bollingers are tightening up, indicating a stable price range has been closed upon.
OBV is high, but has been stable for nearly 2 months and historically that means a positive move for MONA.
RSI has clearly penetrated the 14 day...
MONABTC looking like a strong buy today as its breaking out of the falling wedge pattern.
This reversal could be pretty big considering the last pattern back in mid-october. Either way this is a good coin to be holding while youre on vacation during holidays.
OPtimal take profit would be around 130-150k, probably will take place before the new years.