MCO/BTC Price + Bull Analysis
Updated
MMCO/BTC seems to be trapped in a short bear run on 1D charts.
So far, bulls have not been able to push through and move the chart upwards, meaning if the price follows this expected trend (pink top and bottom lines), there should be a bullish reversal on August 8th at around 0.000700BTC.
Fibonnaci Retracement is worse, with a reversal/low around 0.000591BTC.
RSI(14, close) looks to be in a zigzag pattern, although most likely not for long with bulls and bears.
Speaking of the bulls/bears, bull pumps are likely to happen in greatly increasing numbers around and below the 0.000900BTC range. This means that an early bullish breakout is more likely to happen if the price drops below that point.
So far, bulls have not been able to push through and move the chart upwards, meaning if the price follows this expected trend (pink top and bottom lines), there should be a bullish reversal on August 8th at around 0.000700BTC.
Fibonnaci Retracement is worse, with a reversal/low around 0.000591BTC.
RSI(14, close) looks to be in a zigzag pattern, although most likely not for long with bulls and bears.
Speaking of the bulls/bears, bull pumps are likely to happen in greatly increasing numbers around and below the 0.000900BTC range. This means that an early bullish breakout is more likely to happen if the price drops below that point.
Note
Reversal just below 0.000900BTC line (navy blue). Either an early daily reversal or else a fake.
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