MONABTC trade ideas
MONABTC LONG OpportunityHi Seildev here
We have an area of interest for MONABTC has had downward RSI Divergence broken.
We also may have a possible double bottom recently on 1h timeframe.
Our Buyzone is marked at 61.8% with target at:
- Target 1 @ 0.000462
- Target 2 @ 0.000581
As always, trade with a plan and safe trading.
Seildev
Daily pivot experimentLast week I read about pivot points and decided to apply them on MONABTC pair. On chart you can see marked pivot levels based on daily data of 19.10.2017. Price levels are calculated with formulas you can find here: www.investopedia.com
Please note, that these pivot points are short time, valid only for one day and have to be recalculated every day. In our example we can see that they provided good support and resistance levels to us until today, but this is not how they should be used. And of course we have to take a look also at some other indicators before entering trades (for example RSI).
It looks interesting and I will give it a try sometime in the future.
Mona Trade Idea #Mona Seems to be ready for next #LegUp. May drop a bit, but the Potential of #Growth will have same view.
#Mona volume still not decreased in large section That indicating that #Mona is not a just #Shitcoin or #PnD.
Price moving Against the #IchmokuLevel & #MA. The #VolumeBar showing #Bullishnes.
We will have #FundamentalCatalyst too for more #Fuel.
Keep in mind, If you going to place an order for #HoldingBag then keep the value below #60K.
MONA BTC 4 HOUR TIME FRAME BullishMONA BTC 4 Hour Time Frame bullish. Los Angeles 6:01 AM.
RSI is above 60 for bullish run.
Macd just crossed to the bullish side.
Price action broke through the clouds under 70 RSI.
Chikou Span about to cross Kijun Sen showing future price action to the upside.
Enter SAT 55k
Resistance 77k