Long
MCO possible 100% rise
MCO is one of the few ICO projects that have delivered a working product.
They keep adding more and more elements and features.
They cause people to lock up MCO for 6 months to get their card and they have to keep locked for the rewards on their debit card even after the 6 months. Also they get 6% pa on the MCO held so massive incentive to hold and just hold.
Fairly bullish price action from the low. Next to no retracement, pull back or dip.
I think this is going to be possible bearish retest of the previous support turned resistance, I think that the price will rebound from the 236 - 0.5 fib
We will see
They keep adding more and more elements and features.
They cause people to lock up MCO for 6 months to get their card and they have to keep locked for the rewards on their debit card even after the 6 months. Also they get 6% pa on the MCO held so massive incentive to hold and just hold.
Fairly bullish price action from the low. Next to no retracement, pull back or dip.
I think this is going to be possible bearish retest of the previous support turned resistance, I think that the price will rebound from the 236 - 0.5 fib
We will see
Note
Further, they are shipping EU cards soon.They have investment platforms.
They have working fiat gateway.
They have a lending platform paying 8%pa on BTC
Their app works.
Note
What they don't haveNo private key control
App sometimes lags loading.
I will add more, but look at a project like BQX. They wanted to do the exact same thing but with private key control (after a fashion) they are 90% + down from the highs and keeps making ATLs.
This is a working a good project.
Once people catch on this will be massive massive massive.
Next bull run this will be up there with Coinbase.
This company may have started as Monaco and a bit of a joke saying they would release cards every week and failing to meet deadlines and promises. Most labeled it a scam. Most dumped. (at a good profit if before June) However, once mainstreet catch on to the next 'crypto bull run' this will be so big.
Oh one more thing. They have a referral scheme where you get 50USD for signing up and depositing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.