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MCOBTC

Monaco VS Bitcoin Upcoming Wave UpFollowing our previous idea on MCO/BTC, Monaco coin broke above the upside target, suggesting further growth. At the same time, during this weekend price rejected the 38.2% Fibonacci support, that is btc 0.001. Along with the Fibs, price rejected the 200 Moving Average and the upper trendline of the extended descending channel. This makes the btc 0.001 level a key support for Monaco. If price stays above the support, MCO is likely to continue the uptrend with the next upside target at 161.8% Fibonacci retracement level appied to the current corrective wave down. This is a btc 0.0019 level, which if reached, should result in almost 100% growth against the Bitcoin in the medium term.  Break above the upside target at btc 0.0019 will most likely confirm the long term uptrend and could send price to the new all-time high. But if Monaco will close below the btc 0.00098, the consolidation or even downtrend continuation might be the case. Although at this stage it seems like unlikely scenario.
MLong
by CryptoPAMM
4
Monaco VS Bitcoin, How Far Down?On the 26th of June, Monaco coin has formed a strong bottom at 75k satoshis, after which price started to move up, resulting in a healthy 105% gain over the Bitcoin. MCO/BTC has reached the 154k satoshis high, after which a sharp correction down has begun. The question is; how far Monaco would correct down, and whether it is only a correction or a trend reversal? On a shorter timeframe it does look like a downtrend, although on the medium timeframe it still looks like a correctional move down. Price is very close to the strong phsycological support, that is 100k satoshis level, and at the same time this is 61.8% Fibonacci retracement. Considering the fact that MCO broke below the lower trendline of the extended descending channel, price yet to move lower to hit 100k satoshis. At this stage consolidation could take place, but if the support is broken, the downtrend should continue towards 76.4% Fibs at 90k satoshis. But, if the support will hold, Monaco could start a very strong uprisal, which could push price above the 155k level. On the doenside, if the 90k support will be broken, the downtrend might continue, where MCO will decline to 75k satoshis support.
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by CryptoPAMM
7
Monaco (MCO) Trading Within Ascending ChannelMonaco (MCO) is now trading within a steep ascending channel. Looking at the weekly chart, it seems that Monaco will have a positive week ahead. We have many bullish signals coming out of this chart above, with the EMA lines crossing up, bullish MACD, STOCH and RSI. Strong green candles and more. More bull action is coming for this coin. Note: This is not a trade advice. Thanks a lot for reading. Please check/click on my "Related ideas" at the bottom of this post for more trades. LIKE, SHARE, COMMENT & FOLLOW... Namaste.
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by AlanSantana
11
MCO with high stakes to be the rising star of the week (fractal)Dear crypto traders, Back in the game this sunday after calling a nice shot yesterday for BITFINEX:ETHUSD 0.49% , this time i come with another fractal that i spotted, this one is for BINANCE:MCOBTC -2.02% , in the lower part of the screen you can see the previous ascending channel before the run up that took place in April, the pattern above has formed in 20% less of time that the one bellow. My calculations say its more likely to happen in the beginning of the week, but it could also take a bit longer and its in time for some BINANCE:MCOBTC -2.02% news to come later in the week, is not the first time that i see a nice fractal playing out and a very good timing from the team to ignite a run, looks for news on the 14th, anyways the only way from MCO 1.02% to go is up at the moment. Apart from this technical analysis the news in the past days about the rebranding are positively affecting the token, the domain Crypto.com has been acquired by them and they are rebranding the organization to it, furthermore one of their main offerings is a cryptocurrency visa card which are being tested by the team and we can expect anytime a beta to users. As usual, this is crypto , put always your stops tight. Have a nice rest of the sunday. Rob
MLong
by rlpz
MCO started its uptrend!?Hey everyone! Finally, we have some movement on the alts. Today we are going to take a look at MCOUSD 1D chart. Everything looks good. MCOUSD left its consolidation zone. Awesome Oscillator shows us bullish trend. RSI shows that we are able to go higher. First target is a bit below 10 USD, that is where the donwtrend line and next resistance zone are located (yellow circle). I am going to post another good idea with a good risk/reward ratio. So go and check it as well. Don't take risks, wait for the confirmation of trend. Please leave a like and follow, let's make money together! Thank you!
MLong
by lordTim495
Monaco (MCO) Breakout - Additional Gains PossibleGreat breakout for Monaco (MCO). Now sitting above the 200 EMA line (broke and closed above it on the daily time frame). This looks good. Good potential for further gains. There will be a huge retrace, YES, but still the resistance was broken, so it might continue to go up. Note: This is not a trade. This is no trading advice. Please trade at your own risk. If you want to trade Monaco now, please wait for the retrace and a good entry point. Think carefully before buying; capital management, diversify and only invest money that you can afford to lose. Thanks a lot for reading. Namaste.
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by AlanSantana
24
Monaco VS Bitcoin Uptrend ContinuationFollowing the previous idea on Monaco coin against the Bitcoin, price has rejected the support level at 161.8% Fibonacci retracement level that is 75.8k satoshis. MCO/BTC then went up as expected and today hit the first level of resistance, that is 100k satoshis. This is a very strong psychological level which should give idea on further price development. Currently price spiked up above that resistance, yet, a daily close above the recent spike at 105k satoshis is required in order to confirm the uptrend. When/if that happens Monaco is likely to continue moving higher towards 161.8% Fibs at 178k satoshis area, which corresponds to the uptrend trendline. Nevertheless, the corrective move down still would be possible, and should provide a good buying opportunity.
MLong
by CryptoPAMM
2
Monaco VS Bitcoin at the Bottom?Since the spike in price back on 19th of April, Monaco has been steadily going down. Price declined from the 320k down to 75k satoshis in just under two months, loosing 76% to the Bitcoin. While the price has been moving down, it broke below the uptrend trendline and the 200 Moving Average. Fibonacci applied to the corrective wave up after the breakout shows that currently MCO/BTC is trading at the 161.8% Fibonacci support level, that might start to attract buyers.  If the support is rejected, Monaco is likely to re-test the key resistance at 100k satoshis, that is a strong psychological level. Break above 100k could confirm trend reversal and establish an uptrend. On the other hand, daily break and close below the current support at 75k satoshis could trigger a downtrend continuation, resulting in the price moving down to the next Fibonacci support level at 36k satoshis.
MLong
by CryptoPAMM
4
Possible Scenario for Monaco (MCOBTC) - Cup and HandleHey guys, I believe MCOBTC is looking to form a cup and handle. Typically, cup and handles form when the price drops slowly due to a correction. The price remains stagnant for some time, but then good news is expected soon after (Monaco IOS App Release this week or next week, card release possibly next month), so people begin buying up, and the sentiment becomes better. Also, volume right now seems to be growing. Due to Monaco's constant demand due to lockups for higher-tiered cards, and token burns, the price is bound to increase over time, another reason for people to buy up Monaco. Right now, Monaco is ranked #110 in market cap, which in my opinion is undervalued for a token with such volume, demand and inherit-value. It deserves to be at least #60 in market cap rank. Anyways, Good luck... and remember, Patience is paramount!
MLong
by PatienceIsParamount
1