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...
A trend reversal underway. expect new highs to be made next leg up
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. Entry now 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.
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.
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.
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...
This coin is used in japan daily and been around since 2014 good coin to add to your porfolio
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.
We have a winner. How would guess that from 0.45 to 19.25 in three months... If you have bought 10000dollar of monacoin at that day you would be rich today... Maybe XRP and NXT still have potential for you.... Naaa Wont be that fastt :)
Mona is in an uptrend. BITTREX:MONAUSD Cryptocurrency is in an uptrend. Breakout is likely to the upside.
I believe Monacoin is about to break out of the triangle today or tomorrow, when it happens it will probably reach the ATH again, potentially surpassing it. It means at least 100% profit.
I am by no means a pro. It looks like a bullish cypher. Indicators (RSI, Macd) seem to be pointing bullish. Please feel free to give opinions and advice as I am new to this. Thanks.
When In doubt zoom out.. Very interesting spot for MONA, Will history repeat itself??
After a big bull run, MONA is forming an ABC correction that should bounce off the trend line established by the previous move. RSI has also bottomed out, we are close to touching fib support and the SMMA 50 represented by the purple line. If we close below the established trend line exit the trade. Good luck.
its time to buy and hold and sell in the perfect time
buy and sell in the perfect time