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Monaco

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
MCO - Monaco - Breaking outYesterday's daily candle finally broke out of the downtrend and closed above the EMA20. Today's candle has now busted through the EMA55. RSI below 60, CCI is now green and the MACD has turned up with plenty of room to gain momentum. My trading strategy targets for MCO on Binance or Bittrex as posted on my Discord: bit.ly MCO on Bittrex and Binance Buy up to: 905 T1: 995 10% potential profit T2: 1085 20% potential profit SL: 860 Stop loss is set at only -5% Daily volume: 150 BTC Raiting: 3 out of 5 stars Thanks for looking and please feel free to comment or agree, thank you.
MLong
by redking75
3
Monaco Day Trade Opportunity MCO/BTCMonaco increased ~15% today in a very bearish crypto market. Since it is one of the only coins in the green, I expect to see some pullback unless we break the most recent previous high of 938 sats which falls on the 1 Fib level. Bulls still have strength over Bears according to 1HR ADX so we may continue a further uptrend But given that everything else is in a downtrend, I don't believe MCO will be able to continue its bull run. Stop Loss set at 900 sats
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by AidanMDang
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
Monaco (MCO) lining up for a break and possible bullHi guys, We're presented with a possible inverted Head & Shoulders pattern forming just as we get closed to the app release and token lock-up for cards delivery. If we get back to the neck line and complete the pattern, I think Monaco is set to look pretty damn good and expensive in the next 3-9 months, what do you think of this, good entry point, waiting for more action from MCO side, or do you have your doubts about Monaco (MCO) and why?
MLong
by Trocsoneria