MCO - BREAKOUT MCO has just broken the downtrend line for the first time since its last high in July. 200 EMA on the 1h was providing resistance but was temporarily broken whilst I have been typing this up. RSI hitting resistance, MACD crossed bull.
Zooming out to the 1d timeframe we have just touched historic support at around 0.00062 creating a double bottom with the next support at 0.00052. RSI has bottomed out and MACD has also crossed bull on the 1d timeframe.
Heres a look at historic support-
We also have a couple of great fundamentals coming up for MCO, the auto invest feature for their app is in closed beta testing and the card is in its final stages and is speculated to be released directly after the auto invest feature, if not at the same time.
MCO have also recently just cut their fees when purchasing crypto on their app, posting a photo on their twitter comparing them to coinbase and being much cheaper, I think this says a lot about their vision for crypto.com and MCO, they will not only be releasing a strong card, but will be looking to create a mainstream, easy to use crypto exchange app, where crypto can be purchased by anyone, anywhere in the world.
If you know our channel, you know we are huge fans of MCO and we have been buying it up at every dip and wont be trading it, but using this as more of a long term investment, but for those day traders out there here are some nice short term targets which should be achieved within a month or so, no problems.
MCO
BUY: 0.00068/0.00062
SELL:
0.00069
0.00076
0.00088
0.00097
0.00123
STOP LOSS:
0.0005
MCOETH
MCO pump & dump coming? The chart vs BTC looks similar, the general features are the same.
The ascending triangle looks promising. Indicators also turn bullish - RSI, MACD. Money inflow (VFI) also looks good.
Keep a tight stop just below the ascending triangle support line.
MCOBTC - Monaco Weekly ChartWeekly investment idea into Monaco.
Monaco supplys a variety of Platinum Visa Cards mona.co
mona.co
coinmarketcap.com
CoinMarketCap Price 5/14/18
$10.91 USD (6.80%)
0.00125788 BTC (7.09%)
0.01500750 ETH (7.24%)
Market Cap
$172,332,809 USD
19,867 BTC
237,026 ETH
Volume (24h)
$35,419,400 USD
4,083 BTC
48,716 ETH
Circulating Supply
15,793,831 MCO
Total Supply
31,587,682 MCO
Monaco ready for next move APP RELEASE ans CARD ROLLOUTIn few days we should see APP worldwide release and after that cards rollout should follow. :)
MCOETH corrective structure still in play or trend mode started?Just some basic analysis. Lets see what happens!