#MCOBTC is currently at strong support zone and is completing a bullish divergence pattern.
The price of #MCOBTC is lower while the RSI is getting higher during the same period.
Both are bullish news for #MCOBTC and we can expect a strong bounce back from here towards the given targets
as shown on the diagram. If this is not the case, and #MCOBTC breaks below...
-the price is slow approaching the last fib support level
-including the minor consolidation last Oct 2019 trading history
-I advise you to enter a buy position only if there is Bullish strength
-but if this level breaks like a hot knife through butter
-we will likely see a revisit of the low at 3000 sat range
-and potentially form a double bottom reversal
Looking at MCO prices, I am met with a dilemma. Often I found myself going, is this going long or short?
If one were to look from an optimistic standpoint, MCO prices have been consistently moving upwards, indicating a rather strong bullish investor sentiments.
However, if one were to look from a pessimistic standpoint, there are as much indicators pointing...
Following a strong oversold period MCO token on this 1-day chart is showing signs of a trend reversal. Yesterday's candle closed above the resistance trend line with strong buying pressure following a bullish engulfing candle. Additionally price action is below all the major moving averages, including the 10-day. Rule 101 - buy low! With regards to the...
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Hello, It's been a long time since I wanted to have the possibility to finally say this: LONG on MCO!
Let's see why I bought it and staked it right today.
This is one of the two coins of the environment crypto.com (previously known as Monacocard) that allows users to get a cashback card at no cost just by blocking MCOs on the platform. This...
Reasons why MCO/BTC could go up:
- RSI oversold
- Every time the RSI was oversold there was a minimum 10% bounce to the upside so it will likely happen again
- The price is on a key support area so there is a good risk/reward ratio because stop-loss can be set just under the support level
Let me know your feedback!