MCO BTC - Trade structure you might not want to missMCO BTC gave almost 150% in matter of 24 hours on 5 exchange listings and the launch of new debit card.
But, what goes up, always comes down!
On 1 hour chart, we see the following:
- Elliott wave formation
- ABC formation can take place
- previous support (green line)
Buy orders can be placed around 0.0009-0.00092 area with stop loss defined via red line on the chart. First target can simply be the (B) level mentioned on chart. If that is crossed, we are looking at 0.00160 again.
happy trading :)
Monacocoin
NEWS of addition to 4 exchangesNews that its being added to more exchanges..... going UP twitter.com
Trending up on the dailyLooking for an easy slow ride to the top? looks like this one has 5 day upward trends ...slow and steady
MonaCoin- Breakout confirmedLooks like a solid entry on MonaCoin. Volume increasing and price-USD increasing consistently over the last few weeks. Look for this coin to climb significantly month of November, big things ahead.
MONACO - Head & Shoulders forming + Support and Resistance.We may be seeing a Head & Shoulders pattern form on Monaco, this currency tends to not sustain a high price for long since it has a low supply, therefore, it's extremely volatile so we usually always see a strong correction from a recent increase. We should also take into account that there is a solid Support and Resistance in place for the currency, you should watch these levels as indication to sell or accumulate, if we break through the resistance level we could see an uptrend to previous highs over the course of time, the support line has the opposite effect but I feel like that is unlikely at this point but we will probably touch down to it (You should pace buy at this point).
Orange Line - Resistance levels.
Purple Line - Support levels.
As always, trade accordingly. Good luck!
Monaco Analysis (4h)Hey!
It was a hard month for holders of Monaco, but I think that next week there will be a lot of positive news, which will positively affect the price of MCO.
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Technically, everything looks good.
Quite a strong bullish divergence from the price and the RSI indicator.
Not too strong a falling wedge was successfully punched by a large buy volume.
But, the market faced downtrend line and MA200 and could not break them.
Now the market is above the MA50 and 0.236 fib, which looks good.
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On the 15-minute chart you can see the formation of a bull pennant.
if it's the bullish pennant, then the projection of its flagpole will lead us to the next downtrend line.
The flag should be confirmed by a powerful breakout of the upper side and strong buy volume.
The market should not fall below .0017, since there will be an MA50 and 0.236 fib, which will be support.
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Broad picture
