crypto_gunther

crypto_gunther

Price will reverse soon. We have regular bullish divergence where the price has lower lows but the RSI has higher lows.

crypto_gunther

Let's see how this idea plays out.

crypto_gunther Updated 

The price may fall to $6.77 but I'm just holding for now. Waiting for a big move that surpasses the peak at $28.99.

crypto_gunther

The probability of the price reversing from $6.07 - $4.33 is extremely high. It is absolutely foolish to short the market at these levels in my opinion. It is time for all those who are shorting this market to get stopped out and left in the dust. Don't be among that number! The next sell target is around $14.21.

crypto_gunther Updated 

Notice how the corrections during this rally are relatively minor. The retracement that follows each rally ranges between 14% - 27%. Don't get caught on the wrong side of the market in an attempt to short the price for the purpose of accumulating more MCO tokens. It is very difficult to time the market. If your timing is off then you might find yourself...

crypto_gunther

Posted for observation.

crypto_gunther Updated 

The price is headed towards $28.99 (peak since $0.63) in a parallel channel. The price may reach the sell zone featured on the chart by staying within the confines of the parallel channel. Or, we may see the price break out of the parallel channel to the upside for quicker gains. The price is likely to reverse to the downside from this zone based on past...

crypto_gunther Updated 

This idea is valid if and only if the price follows the blue fractal with a high level of accuracy. This isn't investment advice. Note: Now is not the time to short the market even if there is a pull back to around $6.77. It is far better to short once the price reaches a new all time high to minimize risk, manage capital, and for the sake of taking profit.

crypto_gunther Updated 

I'm not being dogmatic but it is possible for the price to reach $200 during this bull run. Pay careful attention to the horizontal and diagonal resistance lines featured on this chart. Don't settle for quick gains. Let MCO run its course. You don't want to miss the majority of a bull run because you cashed out prematurely. I speak from experience. It's a...

crypto_gunther

Posted for observation.

crypto_gunther Updated 

First, this post is highly speculative and should not be construed as investment advice. Second, this idea is valid if and only if these conditions are satisfied: 1. The price violently breaks above the previous high of $28.99 and finds support 2. The price reaches the top of the parallel channel 3. The magnitude of the bull run is similar to the rally from...

crypto_gunther Updated 

Observe how the price behaves at each horizontal resistance. Things will get very interesting once the price breaks the peak at $28.99. These resistance levels may seem arbitrary but they are not.

crypto_gunther

The price should continue its upward journey towards $19.15 once it finds support above $10.16.

crypto_gunther Updated 

We may see the price break out of the parallel channel to the upside and head towards $28.99.

crypto_gunther

Observe the broad triple bottom at $4.33. Anticipate and expect the price to break the neckline (major resistance) at $22.32. The sell target is $40.31.

crypto_gunther Updated 

CAUTION: Now isn't the time to dump your coins. Market makers purposefully drive the price down so that they can accumulate more coins in a demand zone for a discounted price. Resist the urge to sell your coins at a loss. In doing this, you are lining the pockets of whales. We would do well to imitate the actions of the whales. Buy when they buy and sell when...

crypto_gunther Updated 

Observe how there is zero horizontal resistance for the price once it surpasses $28.99. Eventually, in my opinion, the price will return to its peak at $4,704.97. Why do I dare to make such a bold prediction? Well, the max supply of tokens is capped at 31,590,000. And, according to the latest MCO whitepaper, tokens must remain locked if the cardholder wants...

crypto_gunther

I'm not really interested in selling MCO while it is less than $28.99. My personal target lies in the gold zone. Let's see how MCO performs during this bull run. I think many are expecting the price to plummet back to $3.91 - $4.33 zone after this rally to $20.12 - $28.99 range. But, that type of thinking may be skewed since the resistance at $20.12 + is...