Monacoin; setting up for a heavy launchMona is in the final steps of a very long correction move.As it clearly moving in a beautiful channel, the target will be the channel upper side.
suggestions:
buy price: 0.8-1 $
TP: 800-1000
NOTICE:
trade on your own risk
MONAUSD trade ideas
$MONA 2021-MAR-02MONA is sitting nicely in the lower portion of the rising channel. This is well worth watching, and if you are an aggressive trader - it may even be worth taking some additional risk here...
#crypto
MONAUSDIf it crosses the $ 3 resistance, it can rise to $ 20.
But if the bottom line support is lost and the price stabilizes below $ 1, there is a possibility of a drop to $ 0.3.
Keep an eye on MONAUSDLot's of alts have been doing crazy gains over the past few months. Even after the correction that is happening right now many will still be to high to enter.
MONAUSD is one to keep an eye on.
Green Zone is reload zone based on fib retracement.
Risk to reward in green zone is 1:10
Ideally we see Mona breaking above long term descending trend line, coming back down to retest it, possibly form some W's and take off from there.
When we come down further our indicators will most likely also show us that Mona is oversold and show us buy signals.
Let's see what the future has in store!
Cheers,
W
Mona AKA MoonaJapanese Doge in a beautiful pennant. Watch and learn how history is made, or join and be a part of it.
$MONA 2020-NOV-13There is a huge amount of volatility wicks over the last several days, it will be interesting to see whether bulls can gain an advantage and push through the top of the falling channel.
#crypto
Monacoin /USDshould be fairly boring and sideways for this pair during the coming week maybe longer. RSI to cool off and MACD to stabilize. Should be a good opportunity to accumulate in the zone between 50% and 78.6% targets for next leg on the chart, around 100% gain expected on next leg.
Nearin my view a break out of this triangle is coming, MONA has been stable for a long time, weekly consolidation may be done and with it the 4th wave.
MONA/USD Bullish Divergence On the 4hr time chart, we see a clear bullish divergence forming on the On Balance Volume and RSI. Monacoin is currently on its last support zone and if this falls, we may see a drop that could go from 50% to 70%, or even more. Looking at the daily RSI, that doesn't look so likely.
First target would be around 4$
MONACOIN ON 1,000% TRAJECTORY COURSE AFTER BOTTOM REVERSALThis coin has been in massive downtrend for a while now. We firmly anticipate immense price action after market recovery begins and bottom is found which will be on either of the two demand zones.
Short term (few days) price change -55%
Medium term (2-7 weeks) price change -15% to 75%
Long term (several month) price change 250% - 1,100%
Conclusion
If you're not interested in long term game, wait for a better opportunity or for support to be found before entry.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
MONA, lateralized and undecided.MONA has decided to take a break in its long drop and appears lateralized in this narrow channel during the last week; for now it is better to be on the sidelines of this currency until it takes a clear path, although all options seem bearish in the short term.
