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Monacobtc
Ascending Scallops MCOBTCAscending scallops
bullish continuation
Nice buy into the scallop
Here are some results for the ascending scallop
This chart is a long timeframe scallop results should be observed as the bullish break.
Cool project
MCOBTC AltRegression trend of 0.92 looks positive, hit support turned resistance, possible breakout of downward trendline.
A trading opportunity to buy in MCOBTCTechnical analysis:
. CRYPTO.COM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00076000 to 0.00066140). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00076000)
Ending of entry zone (0.00066140)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00089750
TP2= @ 0.00097170
TP3= @ 0.00111450
TP4= @ 0.00125640
TP5= @ 0.00139120
TP6= @ 0.00171360
TP7= Free
CRO Airdrop to MCO Token HoldersAt 8am UTC, MCO Token Holders will receive an airdrop of a new chain by Crypto.com called Crypto.com Chain Token (CRO).
CRO has been trading since the 21st of November on the Digifinex exchange and is used for processing transactions on the Crypto.com application.
This should bring more value to the Monaco token as a periodic airdrop has been automated in the block-chain.
This is an extremely similar event to Ripple, when the remaining XRP was distributed in this fashion.
Ironically, the XRP lockup and distribution plan occurred at the same time, December 7th, 8am UTC last year - prior to an incredible price increase.
There is a possibility for the beginning of an uptrend in MCOBTCTechnical analysis:
. MONACO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00064900 to 0.00056070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00064900)
Ending of entry zone (0.00056070)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00086450
TP2= @ 0.00102580
TP3= @ 0.00115790
TP4= @ 0.00128800
TP5= @ 0.00147650
TP6= @ 0.00171360
TP7= @ 0.00201490
TP8= @ 0.00238400
TP9= @ 0.00347400
TP10= Free
There is a possibility for the beginning of an uptrend in MCOBTCTechnical analysis:
. MONACO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00064900 to 0.00056070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00064900)
Ending of entry zone (0.00056070)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00086450
TP2= @ 0.00102580
TP3= @ 0.00115790
TP4= @ 0.00128800
TP5= @ 0.00147650
TP6= @ 0.00171360
TP7= @ 0.00201490
TP8= @ 0.00238400
TP9= @ 0.00347400
TP10= Free
MCO Tests Trend LineOn August 13 we broke through major support (dotted green line) which triggered a large selloff. August 15th and 16th attempted a break of the long-term trend line (solid green line) much sooner than my prediction, however the price bounced back to the upside off that support. The price is currently testing support levels from mid June. RSI appears to be oversold however momentum could still be to the downside and there is a chance we could retest the long-term trend line.
If you are a strong believer in MCO it appears this is a potentially good price to be long. I am personally going to wait for confirmation of either a double bottom or a daily green Heikin Ashi candle before entering a long position.
This analysis is for education purposes only.
Good luck.
MONACO FALLING WEDGE REVERSAL!! Hello guys,
This is another opportunity, Monaco has been forming a falling wedge reversal which can take us up 0.0016 BTC so that is 60 % profit potential and I think with the bulls we have in the market now that is quite a like breakout to have. We have Stoch oversold bullish, bullish divergence on Elliot Wave Oscillator, MACD higher lows bullish signal and the pattern is also bullish so we just wait and buy on the signal. However now seems exactly the time to buy I think as we have two stron supports which have been tested 0.000895-886.
Below I have other trade opportunity linked and the name of my website, thank you.
Good Luck, Traders! #moon #mooncommunity
MCO/BTC Price + Bull AnalysisMCO/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.
MONACO CUP AND HANDLE!Monaco has given its price signal by the breakout it made yesterday, and we can see a lot of indicators such as EMA 20 crossing EMA 200 in 1h time frame and also it has been on a falling wedge reversal and with this signal we have the confirmation of it making the cup. So we are hading to 0.0014 price level from there we should be making the handle and after that we should see if its going to be the blue pill or the red pill depending on where the market is. And now is the best time to buy as the we have retraced from the signal and we have 1h stoch at oversol and demarker showing reduction in demand since the signal. And we have been seeing big red Elliot waves before and for a decent amount of time and now the market is going green again with the Elliot waves so now it is buy buy buy!!
Target for this trade: 0.0014-15 BTC.
Good Luck, traders!
If you want to learn or get advice on trades and receive trading advices please visit my website and subscribe now as this is going to be more than trading consultancy and you would not like to miss out. moon.com
Monaco: Time to gamble? 13:1 R:R says yes!Monaco has just taken out a missed weekly central pivot from a few weeks back. Its heading down to S2 weekly and there are multiple missed central pivots above (2 weekly & this months monthly). Add in a BAT pattern which looks to be setting up with an insane 13:1 R:R and Im am looking seriously at this.
To be clear I'm looking to trade the CD leg of the BAT.
MCO(Monaco) Buy Opportunity!Here is a little hint for You who watching MCO entries!
At the moment we have solid "Head & Shoulders" Chart Pattern!
Right shoulder nicely supported with 100-,200EMA & 200MA
+historically on very strong support area!
Leave a comment about Your thoughts and if You like what You see - hit LIKE button ;)
Best Regards!
MCO | SIDEWAY | ???I think MCO can side way with support XABCD Pattern and MACD
Buy a fews and hold it
Buy order : 0.00075 - 0.00077
Profit target
(1) 0.00082
(2) 0.00090
(3) 0.00098
(4) 0.00110
Stoploss : 0.00072
Recommend only deposit 5-10% btc
Good luck Everyone
Thanks