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MCOBTC

MCOBTC Rising Wedge | Bearish Divergence | Correction?Hello Traders, Today’s chart update will be on MCOBTC, where we have had a potential Adam and EVE bottom from yearly lows. Price is now testing key support that needs to hold, however we are seeing bearish signs such as the bearish divergence.. Points to consider, - Trend is considered bullish with lower highs - Major Resistance broke, now support - Local resistance at 5632 Satts - Stochastics projected downwards - RSI diverging from price - EMA’s holding support - Volume below average MCO is at a critical point in its trend where we do see multiple bearish signs in the chart. The trend is bullish however is testing key support in a falling wedge formation, a correction into the zone is more likely to be at play. Major Structural resistance has been broken from yearly lows; MCO needs to hold current area to confirm an S/R flip. Local resistance however is at 5362 Satts, the VPVR between the two segments show a decrease in the volume of transactions. This signals that bulls are more likely to test local resistance due to low levels of transaction… The stochastics is projecting more probable downside potential; bears have stored momentum if a correction does play out. RSI is currently diverging from price; this puts more emphasis on the bearish divergence as price puts in consecutive higher highs whilst the RSI puts in lower highs. The EMA’s is currently holding support which is in confluence with structural support, making the zone more significant for the bulls. Volume is well below average, we needs to see an influx of volume if price where to break and or bounce from current area… Overall, IMO, MCO is more probable to have a correction as we do see multiple bearish signs, we have a rising wedge formation in confluence with a bearish divergence. Volume is also extremely low; we need to see an influx of bull volume if price were to have a chance of respecting key support. What are your thoughts on MCO? Will we have a correction here? Please leave a like and comment And remember, “Time is your friend; Impulse if your enemy “- John Bogle
MShort
by AzizKhanZamani
W bottom on MCOUSD signals parabolicThose of you that are familiar with my publications or have read them in the past know exactly what I’m about to say; particularly Because these are my favorite indicators and I happen to get it extra giddy with excitement whenever I spot them and that is: M tops & W bottoms! (Links below for references) Looks like in the case of MCO USD we have a W bottom in the shorts to mid range—As I stated in my last publication altseason is in full affect as evidenced; the fact that BTC USD did absolutely nothing fluctuate between Pivot/R1/S2 meanwhile we saw some Very healthy gains on many alts...Such consolidations I predicted accurately. I wont hammer into an oped on this one, I want you guys to be able to catch the entry before you FOMO/FUD. In case anyone is curious here are some of the alts that I made entries on tonight (literally) including: $XRP(added to Yesterdays entry) $LINK $LTC $MCO With that being said trade safely and always set your stop losses!! TP1-3 Fibo listed on green horizontals (as usual) with stop on the red horizontal Make sure you set your stop loss and do not FOMO/FUD! Happy Friday everyone and have a wonderful weekend; assuming I do not get a chance to update later, if not I’ll do so tomorrow afternoon. Otherwise, TGIF Links on W bottom for educational purposes: images.app.goo.gl images.app.goo.gl Twitter/LinkedIn/TradingView/Stocktwits: -@a1mTarabichi Steemit: -crypt0w1zmt
M
by a1mtarabichi
Beautiful CNH formation on MCO USD$shortsell $MCOUSD TP1: $3.30 TP2: $3.38 Stop @: $3.19 Beautiful CNH formation on MCO USD This parabolic run seems to be caring some alts with it! Don’t forget to use my referral and will both get $50 for MCO when you stake Minimum 50 tokens for the MCO visa card which if you haven’t done by now then get on that as we are out on 8 month bottom And I it’s not looking like it’s going to get lower than $3.50 again!! bollingers seems to confirm said analysis ! 1....2...3.... Charge !! Use my referral link: platinum.crypto.com/r/ 3znnc3i1d4 to sign up for Crypto.com and we both get $50 USD :) -@a1mTarabichi Disclaimer : Not financial advise !
MShort
by a1mtarabichi
MCOUSD volume accumulation— great short opportunity MCOUSD has been seeing lower lows; well this is clearly $BTCUSD’s time To shine I would be remiss not to mention that this is long overdue for some serious parabolic movement and judging by volume accumulation looks like it’s coming. Since we still have to wait for altseason to clear; henceforth I'd put this down as a mid term 7-10 day timeframe... Though simply too soon to tell WILL update later with re-callibrated targets for TP. TP 1 to 3 and stop loss listed on charting. @a1mtarabichi Disclaimer I’m a dumbass don’t listen to me.
M
by a1mtarabichi
Falling Wedge MCOBTC MID to LONG low risk reward ENTRYforexop.com For more info on this indicator; read the link above. Everything listed is in the chart above including: Targets 1 & 2 (for the conservative trader) 72-90 HRS est -- a great SHORT TP exit if you're not into HODLing Target 3 (key target for TP for it represents the pivot & is quintessential in determining whether or not we'll have a continuity, in which case: Target 4: this is the ideal EXIT position we're looking for -- assuming current trends and indicators remain in effect; timeframe speculative though est. 7-10 DAYS est The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. ... As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Overall, this presents itself as a much better (LONG) position though TP1 & 2 are geared for shorts for those interested Disclaimer Not Financial Advise - @a1mTarabichi
MLong
by a1mtarabichi