MCOUSD - Major Cup and Handle! - Monaco rebrands to 'Crypto'!Hey guys,
Exciting times here for Monaco (MCO), or should I say Crypto ;)
Monaco Card rebrands to 'Crypto' and acquires crypto.com domain name, as well as releasing a new whitepaper and new card perks.
... all this, whilst MCO is in the handle formation of a major cup and handle.
I expect MCO to increase significantly in value this week.
Anyways, remember...
Patience is Paramount!
Mcobtclong
Price will go high as the company ship their product?I think the ground trend will keep rising
The MCO will ship soon the cards and demand for tokens will increase
Let's see if it is a good idea.
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!
