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
MONA performing breakout on a 3 weeks old support. Actually on symetrical triangle; IDK what will be the brekout direction, but we can expect a target at ≈ 3.56. Be carefull at the red line level (3 weeks res) Trade ex Buy long @ 3.02 T1 3.56 SL 2.95
macd about to cross over. RSI says oversold. If this breaks the downward trend flag we can look for profit targets around 61,8% fib.