MCO before Binance open - analysis
Updated
MCO is targeted to release August 31st. Recently, the market has been moving the price closer to match the market cap of it's competitor Tenx Pay.
We still have around 300% growth before that point is reached.
With the opening of trading on Binance today at 3:00PM Hong Kong time, we can expect this trend to continue.
- Expect fast growth and sudden drops.
- Expect market cap of MCO to reach PAY (Tenx) in the short term.
- If the release on the 31st is successful expect much more growth for the mid to long term.
- If the release is delayed expect a sudden drop until confidence returns.
*This is my opinion and is not investment advice.
We still have around 300% growth before that point is reached.
With the opening of trading on Binance today at 3:00PM Hong Kong time, we can expect this trend to continue.
- Expect fast growth and sudden drops.
- Expect market cap of MCO to reach PAY (Tenx) in the short term.
- If the release on the 31st is successful expect much more growth for the mid to long term.
- If the release is delayed expect a sudden drop until confidence returns.
*This is my opinion and is not investment advice.
Note
Upper resistance loosing support, sellers from the last run and crash at $17 are almost cleared out. Any positive news release will accelerate gains.Trade closed: target reached
Closed at mid 20s, 220% return. Might buy back next dip. If not happy mooning!!
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