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MCOUSD

Monaco Coin Could Grow x3Monaco coin has been range trading for an extended period of time and has established a very strong support at $5 area. Price has bounced off that support for at least three times now, with the most recent bounce occurred on the 6th of February. After rejecting the support price went up and broke the descending channel as well as the 2/1 Gann FAn trendline. The correction down followed, where the upper trendline of the descending channel was rejected. And today MCO/USD went down again, but this time back to the 2/1 Gann Fan. This could be an interesting entry point for buyers, from the technical perspective, not to mention that on 1h chart price is right at the 200 Moving Average. While Monaco continues to trade above $5 support, the price should be going upwards towards the resistance at $25, that is over 3 times growth from the current price, that is $7.5.
MLong
by CryptoPAMM
5
Monaco Coin Could Grow Over 300%Following the previous idea on Monaco Coin , it broke above the range zone, that was between $5 and $10. After breaking above $10 major resistance area price reached $19 and corrected back to the $10 support that has been rejected. MCO/USD continued to trading within the $10-20 range where $10 was rejected twice. At the same time Monaco Coin continues to trade above the 200 Moving Average and at this point, the uptrend is likely to continue. Major resistance levels are at $56 and $63 which are inline with two Fibonacci retracement levels, this means that the gain of the potential wave up could be over 300%. Only break and close below the $5 support could invalidate bullish outlook.
MLong
by CryptoPAMM
MCO/USDT - Waiting for a break up and retest.Monero is a core holding of mine. I wish to add to my position for the long term. My BiAS is LONG. MCO is currently in no-man's land. I can not begin to tell you how many trades I've taken that were in this realm. All bad. There's nothing to do yet. I've set my alarm at 20.23. I will wait for price to break up on the daily and close the candle above the resistance and then prepare. I will open my chart on an hrly and draw the level of support and resistance. Then I will set a limit at this area to buy. Simple. That is all there is to do. The hard part is following what you said you would do. This is personal integrity and this becomes important in growing your account. I've set some simple targets to scale for profit. However, I will hold my position past these initial areas of resistance. If you feel more comfortable and are comfortable with a higher risk trade you could take the trade from the upward sloping support line. you don't have much time or room to exit if price reverses on you. Remember anything could happen!
MLong
by gillianpatrice
2
Monaco a GREAT BUY! MCO/BTC chart has been moving downwards for some time. And it's turning now. MCO/USD is looking very BULLISH. For 6 weeks it's been within a bullish triangle and it's looking like it going to pop out any day now. Also the project is STRONG, sounds like they are going to have a line of credit attached to their cards as well as their partnership with Visa. Add this one to your portfolio. ------------------------- (90% OFF) Top 6 Cryptocurrency Coins For 2018 (Online Program) - www.udemy.com
MLong
by cmaginness888
MCO/BTC TA This is merely the scribblings of a novice giving technical analysis a try. I have been learning about elliot waves, cup & and handle, fractals(almost more challenging than elliot waves) and genrel trend observations along with divergence to try and better understand the overall movement. for the micro movements create a lot of panic. If anybody out there can provide some constructive criticism to my drawings, please feel free to do so. Also, as a disclaimer, this is in no way advice that should be passed to another individual. It is merely my idea and not intended as financial advice; I am looking for that myself.
MLong
by GiovanniCiaglia
MonacoCoin (MCO) Long against USD, trend analysisHoliday time were though for most of the Cryptocurrencies, lot of them are breaking or approaching support. Most of them will rebound and this could be happening sooner and sharper than expected. - Most of the profit have been taken during the holiday season - The crazy phase about "Bitcoin Bubble" is calming down - 2018 hold a lot of promises for Cryptocurrencies. In the case of MCO, it is approaching it's first support and could be good timed with the first wave of delivery of the MonacoCards and their used. Their KYC process is well implemented and easy to use, and their product appear reliable. The only problem shown today is that they can deliver cards as their list of waiting people keep growing. Customer should get in line now in the hope of using their card during the next quarter. Analysis done by The Foil 30.12.2017 19:49 ---- Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
MLong
by TheFoil
MCO: Opportunities Are Made.When you wake up early and get to the market before everyone else in your area. You present yourself more opportunities. Yes, the market is 24/7. But not many people have a set schedule of when they trade. Everything has to be a routine in this market. I see a great opportunity from this dip on MCO. Everytime price wedge up like that, expect a huge dip. Now I am waiting for a double bottom for a quick trade. What are your thoughts? Trade with care.
MLong
by AbdorhmanThi
4
MONACO - OVERBOUGHT RSI, FIBONACCI LEVELS.Monaco has recently shot up in price and is now is the overbought section of the RSI which could indicate that the market is expecting a reversal in price. We have set some nice support and resistance lines that both correlate with the Fibonacci levels, for instance, the primary support (1st) fits tightly in range with the 50% levels on the Fibonacci, you should expect a short-term decrease in price back to these levels were the prices are most likely to consolidate before another trend upwards. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
MShort
by thomasfar6
2