Very Conservative with this Monacoin AnalisysWith an all time low MACD indicator on the daily.
Mona is looking like wanting more... The sellers are gone, we need new buyers, the volume is not showing up yet, BTC keeps ruing Mona imperial's views.
Take care, set stop losses, it could happen any time now.
MONABTC trade ideas
MONA Room To Grow in 43 hrsAs the MA 50 begins to reform over the MA 100, we could see consolidation or horizontal movement. If we see the MA 200 dip under 100, I suspect a full bull run.
My gut tells me that MONA will go up and will stay within its channel (follow the resistance green band down). We will see in 43 hours, until then I want to buy as it begins to hit the lower support levels (follow the support line orange band down). The white band shows a temporary resistance band that could show the new resistance if it does break above the longer one.
Updated idea on MONAMight have seen the patterns wrong in my previous post of MONA. My apologies for that!
If we are going to see anything like a repetition of history, the price will probably move down more and follow given patterns.
After the previous ABC correction we tested the .236 fib level and got rejected after which the price moved below 50 day MA but found support on the rising support line (red).
I see the exact same pattern unfolding at the moment, we got a rejection of the .236 fib level and are moving back under the 100 day MA.
What I'm looking for now is for the price to find support on the rising support line and curve back up to test the resistance at 93K.
There will be a refueling period which will probably be very short-lived before moving past the resistance and blowing the roof.
Happy trading
MONA ABC correction endThe chart shows us that MONA has found a good support on the rising red trend line and showed a nice bounce off of it.
There is also a hidden bullish divergence to be seen if we compare the RSI to this rising trend line.
This could indicate to the correction being over and can also be seen with the ABC correction waves.
What I am looking for at the moment is for the price to retest the rising trend line for extra confirmation on this trade. Confirmation of a breakout wold start with a close above the 100 day MA and a break above the .236 fib level.
A similar correction pattern before breakout can be seen from 13 october to 5 november.
Until then, happy trading!
MONA/BTC - Monacoin is going through a second wedgeThere is a second wedge for the Monacoin chart. It finds resistance at the 50 and 200 day Moving Average. Once it has gone past the 100 day Moving average it will test the 100 day as new resistance and go up just like it did before. Let's go to the moon (and back, so be aware) It will reach at least 150000 Satochi before February this year.
MONA: The Japanese favoriteMONA is the first Japanese cryptocurrency and is the go to coin for the Japanese people. I'm not really up to date with the fundamentals of this coin but it is an established coin and has been around since 2014. Also, Japan is starting to become more and more crypto-friendly and the Japanese are getting more crypto-aware, so this should be an opportunity for MONA.
Looking at the chart, the price is retracing after the third wave and might bounce from the blue box since it is highly oversold on the stoch RSI and there is a major cloud resistance in this area. If so, that could be the start of the last leg and this could mean a very nice profit.
MONABTC70k has to hold, otherwise it will go down to one (or more) of marked levels (60k, 47k, maybe 35k). In this case I'll add small amount on each level (after retest and break to above).
On the upside, if it will manage to break over 78k, resistance is expected at around 96k (this is app 20% profit). I'll cashed out one part of the trade here, leave other for longer term. Let's see what will happen :)
Trade setup:
Entry above 78k, target 1 at 96k, stop loss at 70k (RR 2.28).
MONABTC Bullish SignalHello everyone, this is another chart.
Using 4H chart on MonaCoin, we see strong bullish signals:
- As you can see in the triangle, up and down positions get closer and closer, indicating there is going to be a strong movement, either up or down.
- MACD & Stoch RSI support upward movement. MACD just turned green and headed upwards.
- EMA -5 and EMA -20 crossover about to happen. It is a strong signal for upward movement when EMA-5 crosses EMA-20 to upwards.
Let's hope our analysis don't get us wrong.
Mona is ready for 300% gainHello Friends,
Here is the next analysis for you.
I am looking at this coin for more than a week now.
It is consolidating for last 23 days, which is big in the crypto world and hovering around the trendline.
Bigger Picture :
The last consolidation was around 40 days and after that, it grew 3-4 times in 14 days, can history repeat the same? Yes possible. Currently, we are on 23 days of consolidation, would it take 40 days like the previous one? I dnot have an answer. So here is the trade,
Buy now (75000), Exit when the trendline is broken or Buy back at 45000
Target 21000
Stop loss: N/A. It can fall upto 35000.
Timeline for this trade is 31 days (17 more days consolidation + 14 days to grow).
Post your questions.