crypto_gunther

crypto_gunther

I would suggest liquidation at the red resistance line. Don't follow the crowd who sells for meager profits at today's prices. Be patient and wait for price to hit resistance line featured on the chart. If you do, then your minimum sell price will be $415. I set the maximum sell price at $4,705 since that was the highest price reached on the day MCO listed on Bittrex.

crypto_gunther

Pay attention to lines of resistance as MCO increases in value. Price will rally hard once it violently breaks above $28.99 and finds support.

crypto_gunther Updated 

If possible, seek to buy in the yellow triangle ($1.66 - $0.63). This is where demand for this asset will be the highest. There is no guarantee that the price will reach that zone but it's possible.

crypto_gunther

Price is at a relative bottom. The best possible purchase price thus far has been 362 satoshi.

crypto_gunther

Another leg up...

crypto_gunther

Bullish pattern. Maybe the price reaches $6.12 on the next leg up.

crypto_gunther

From a technical analysis perspective, MCO is ready for a massive breakout to the upside since it has almost completed its 9-month count correction. Therefore, it would be wise to ship VISA cards to US residents in this month or the next (if possible!!). The bullish news would act as a catalyst to drive the price up in a violent way. And, the token could see...

crypto_gunther

Price may bounce hard from blue support. If blue support fails, then price will likely fall to historical purple support.

crypto_gunther

This is a possible scenario especially if the crypto.com team fails to deliver (again!!) VISA cards to US residents. I can't help but feel disappointed (and downright disgusted) with their efforts. The team is notorious for making investors think that cards are on the verge of shipping when in fact they never actually ship. It's true that some select individuals...

crypto_gunther

Broken support becomes resistance. Stockpile now to enjoy an early retirement.

crypto_gunther

Maybe the price returns to retest the previous high of $28.99.

crypto_gunther

WARNING : Be careful shorting MCO! It isn't wise to short MCO since this asset has already declined by 94.27% from its all-time high. A reversal to retest $28.99 is expected before breakout. At these prices, it is better to add to your position incrementally since no one can predict the exact bottom. The best time to buy is when you have lost all faith in...

crypto_gunther

We may have an opportunity to add to our long position at 87 cents. The price will most likely drop to $1.66 to retest support. I have a gut feeling that that support will break since the bounce was somewhat weak. The lowest possible price for this asset (thus far) is 63 cents. However, I am very content with stockpiling at 87 cents since that is close enough. No...

crypto_gunther Updated 

This speculative projection suggests that MCO will reach 1.9 BTC in 2022. This asset reached a peak of 1.9 BTC when it first listed on Bittrex. This isn't visible on this chart so I will post an older chart in the comments section. I realize that this is a bold prediction. However, it isn't baseless. This analysis is based on a trend in the crypto market...

crypto_gunther

This speculative projection is valid if and only if the following assumptions are true: I. MCO has finished its Elliot wave 2 correction at $1.66 II. MCO has already begun its Elliot wave 3 bullish impulse move III. Elliot wave 3 reaches the top of the parallel channel when it intersects with the 3.618 Fibonacci level If all of these conditions are...

crypto_gunther

Price may return to bottom blue support of parallel channel.

crypto_gunther

Price may reach the top of the parallel channel.

crypto_gunther Updated 

This is a bold prediction that on the surface seems baseless. It appears as though I pulled this number from my ***. However, this isn't the case. I've mentioned this price before in other posts, but I have never fleshed out why I think this is possible. I've drawn a few trend lines on the chart. The bottom blue support clearly shows a long-term uptrend since...