MCOBTC
MONACO - Rectangle Pattern / Over sold on Fibonacci.Monaco has recently been slammed by Bitcoin's price increase and with some bad news, they announced they would be closing some contracts with Visa which has left the community fairly outraged. If MCO is able to fix itself the currency has the potential to quickly retreat back to the $8 - $10 mark. It should continue to follow the pattern it has been for the past few months (fluctuating between the support and resistance), however, if the support lines are broken we could be looking at a longer-term decrease. I do suspect this to be the least likely option since as soon as some good news comes out traders tend to forget about the past and continue with the future which will cause an uptrend on the currency.
Orange Line - Resistance levels.
Purple Line - Support levels.
As always, trade accordingly.
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!
MCO set for doom?Failed to break resistance multiple times recently and a clear rising wedge seems to be forming. Watch to see if it can break resistance soon or a huge drop could be incoming
MCO next moves and weekend tradingLet's continue.
Based on fundamental and moves that what we saw before in august-october.
Friday may be news. Based on company's chief words from 2nd October that could be something interesting "in 7-14 days".
If yes then green zone sideways.
If no then red one.
18th of October will be dev update.
If dev update will be interesting so the price gonna reach resistance level. If it pass it, than...can't predict another price rate during pump.
If dev update will not be interesting so the peice will reach support and may fall like rock.
Me personaly think that updates will be interesting and start FOMO. But time will show.
Wish you good trades!
MCO movingHello everybody. It's time for MCOBTC to move UP or Down.
I think if we will get the news from team this tokken will rise. Otherwise it can fall a little bit. What do you think about it?
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
MCOBTC Hi traders :
Just analyze :
The shape is not yet complete
If you reach point 0.00272 and break it
we buy it and sell at 0.00345
stop lose : 0.00148
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If wave 3 is complted , there will be little corection at wave 4
After the correction finishes and break wave 3 we buy at : 0.0035 and sell at 0.00464
Trading is at your own risk
If trading succeeds with you , You can support us : 14LtCKTTjjLCXs2ZMSzuXudWSWz2kJBvuy
GOOD LUCK
MCO/BTC triangle patternThe MCO quickly formed an adjustable triangle pattern, and soon afterwards the price target (defined by the MSVD principle) was established. (note if you define the classic way did not complete the price target). At present there is no clear direction, however, there is a support level so it probably will not continue to go down.
MCOBTC LONG Above 219821 Tp at The RED line in the Chart MCOBTC LONG Above 219821 Tp at The RED line in the Chart
Monaco Entry LevelThe price is going to bounce from the uptrend line. RSI will confirm price reversal, if we have a bullish candle. The downtrend line is a barrier for further upward movement. If the market can break it, we'll get a confirmation of upward movement. DMI shows that the market has power for moving upward. We can try to catch this movement placing buy orders above the downtrend line at 0.002425 level. Stop orders must be below the support zone at 0.001800 level. The main profit target should be at 0.003500 level.
Profit opportunity on MCOBTCMCO recently had a nice 20% + rise before settling into a holding pattern around .00215. Looking at the cloud and RSI levels, we should expect another healthy rise in the near future if the price breaks .0022 and gets above the kumo cloud. We may get another weak climb above the current pattern before re-testing resistance at .00255 and eventually .00283.
MCO Buy zone reached RSI´oversoldMCO buy zone reached while RSI 1d, 4h, 1h oversold.. strong buy IMO
MCO/BTC Trend ChangeWaiting for MCO/BTC jump till 0.00311 fib line. By looking at Directional Movement indicator we can see that DMI- is crossing with ADX, that means it will rise if it doesn't break support line.
MCOBTC Buy opportunityMCO bounced on first support on 4h, bullish on Stoch rsi. Buy zone is 0.0026-28. I expect a bounce to 0.0035, then a pullback on the support.
$MCOBTC prediction chart.2 to 3 days $MCOBTC prediction chart, or it may hit up to 6 days.. just #HODL and you'll see that $MCOBTC will be corrected soon.
