MCO/BTC afterbounce entrypointNice entry point right after bounce
2 retracements as support
Stoch RSI suggests bull continuation
Still bullish trend
Buy order : 410
Target 1 : 447 (+9%)
Target 2 : 480 (+17%)
Stop Loss: 397.7 (-3%)
Readjust Stop Loss under targets when targets are reached to secure profits
Monaco
Monaco MCO AnalysisA couple indicators show a possible change in trend, upwards. If it happens, good entry point for new profits!
Not financial or investment advise.
MCOBTC buy time or not?Looking at MCO's past history. Every breakout stops and retraces to the .618 level before reversing from the bottom. So now, you may buy MCO with low risk before it moves up again.
Remember to always put a stop loss below your buy price to save yourself from the market's volatility.
Monaco - Inverse Head and ShouldersOn a 15, and 5-minute scale we see an inverse head and shoulders which is a reversal pattern
We buy the on breaking the swing high (neckline - blue line)
We set a stop loss on the latest swing low ( estimate - the lowest point swing on breakout - red line)
We can also see a kumo-twist happening with a blue cloud on ichimoku
MCOBTC 1H CHART MONACO ENTRY SIGNALMCOBTC rejecting 0.382 and 0.5 Fibonacci retracement.
Entry level suggested over second green bar. Use stop-buy or watch the market live
Entry level on the chart. R/R 1.37
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
Comparison between MONACO & TenXHere we clearly see how Monaco & TenX start pretty similiar.
Sadly, there are many people waiting for their Cards and development procrastinates, while Monaco delivered a working product to the customers.
TenX stays in the beginning trust zone, which Monaco long breaked through thanks to a fully working product. They are DELIVERING!
However, both will innovate in the future, and i´ll keep an eye on the battle of these two.
Theres always profits to be made in battles like this.
Monaco forecast4 days before the release of the application ( Twitter ).
The market shows a very strong uptrend.
Probably in the near future, the price will reach 161.8% and 261.8% Fibonacci.
We'll see.
And be careful, very high risk!
Short-mid term bullish run on Monaco~ TenX competitor
~ Upward trend got confirmed
~ Resistance seems to have been broken
~ Product release is scheduled for Aug 31'st, media attention inbound
~ Wave 3 incoming, expected to rise up until or just after Aug 31'st
~ Rumour has it that a partnership with VISA is on its way, when announced the bulls will be back for wave 4
~ High volatility expected, make sure you pick your sell & buy back targets
~ 2-5x gains short-mid term expected
TenX catch up with Mona.Co -> The crypto CARDS BATTLEThis end of the month and the start of Sep. might just be the perfect timing for BITTREX:PAYBTC to kick itself up and bring some profits to it's holders! I am thinking about buying some for myself right now! Please tell me what you think!
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$MCO Visa Card? Monaco No Beach BumWith the rumors of a possible Monaco Visa Card, we're seeing a steady rise for $MCO. Next stop up is .00348421. Hopped aboard before this token shoots right past it's ATH. Life's a beach when you're holding Monaco.
Downward Trending ChannelDownward trending channel for 1h candlesticks with multiple support touch points suggests downward price action at least until end of August when Monaco is supposed to release their iOS app. If they deliver, we could expect a temporary price bump. If they don't deliver, we could expect a steeper sell-off into the 0.0008 BTC level, in line with prices of their main competitor TenX who already have an MVP.
Recent price hikes from 0.0008 BTC levels to >0.0040 BTC can be partly explained by catalysts: 1) announcement of MCO being listed on a smallish Chinese crypto exchange (#16 in China), 2) pump and dumps, and 3) irrational exuberance. We would normally expect this kind of an announcement to result in a price bump, but not such a large 500% jump. The market cap is small and it would seem that whale pump and dumps are strongly in play here taking advantage of FOMO. Exercise caution.
Divergence on MCO Monaco - been beaten down. Good Entry point. When Monaco runs - she sprints - good buy op IMO
Cup and Handle Formation? Looks like a bullish pattern is beginning to form! Just need that handle! :D
Monaco - Bearish Divergence Nice Strong uptrend support. Failed in wave 3 formation. RSI confirming Bearish divergence with basead on the low volume probably gonna break down the uptrend support and make a higher support at 38.20 fibo
$MCO--MONACO ACCUMULATING, IN IDEAL BUY ZONE. ABOUT TO BREAKOUTMonaco bounced after news on the slack channel confirmed the team is working on Visa implementation. "We are working on the apps, cards and Visa program - product is coming together really well and we have quite a number of exciting features that were previously unannounced and that we think users and investors will love. It's hard for us to keep quiet, but it's the right thing to do for competitive reasons. We will without a shadow of doubt have a product that is better than anything else out there. By a mile. Getting things done and getting things done right with the attention to detail you would expect from a premium brand takes time and effort. All I can say is that in our view it's definitely worth the wait. In terms of market communication, we understand it's importance and we have retained a well respected PR firm to drive the message home on a global scale for us. This was done roughly a month ago. We do not shout about it, but they have laid groundwork for a massive PR push when Visa approval is in."
