MCO/BTC (New ATL)💎Technical Analysis Summary💎
BITTREX: MCOBTC
-MCO closes the weekly candle below the major support area
-It also created a new All Time Low price
-With the Bearish engulfing candle
-It is a high risk buying this coin without any sign of strength
-The price could go deeper and catching a falling knife is dangerous
-Please don't invest or trade blindly
A big Thanks for donating 💰 via Tradingview coins this week to CITIZENCAINE 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
Mcoeur
MCO/BTC (Test the 200D MA Resistance?)MCO/BTC
-MCO found support at previous resistance zone last August 2019 trading action
-The 3500 sat zone is now confirmed as a strong key level of support
-A massive pump happened and broke the trendline resistance
-Currently, the price is holding above the previous support area
-This is a sign of strength after the strong breakout
-What MCO needs to do is to break the local resistance around 5000 sat level
-If that happens, the chances of testing the 200D MA dynamic resistance is high
-This is momentum trade setup so please use proper stop loss or tight SL
