MGO actually has a chance! They have a working product! They're not completely dependent on the ERC-20 (ETH) blockchain!
It will be taken down along with the rest of the crypto market, but you can get a good deal at the bottom! $0.05 is very possible!
Load up at the bottom, this can go to $10!
Love this chart.
This coin clearly ran out of steem, you can seen it slow down in the formation of an ascending wedge and now it will dump to its last support. Probably one of the best bear div patterns you want to see. Use macd for additional confirmation on higher timeframes if you wish. but it seems like a sure bet despite the non-idea risk reward.
HITBTC:MGOUSD using for backup data
BITFINEX:MGOUSD Brand new but as bitfinex has more volume it might be slight different .
Ps. I Use the wave on possible moves not as EW.. Just to lazy to use arrows.
1. The upper shadow should be at least two times the length of the body.
2. The real body is at the lower end of the trading range. The color of the body is not
important, although a white body should have slightly more bullish implications.
3. There should be no lower shadow, or a very small lower shadow.
- The longer the upper...