MONA Room To Grow in 43 hrsAs the MA 50 begins to reform over the MA 100, we could see consolidation or horizontal movement. If we see the MA 200 dip under 100, I suspect a full bull run.
My gut tells me that MONA will go up and will stay within its channel (follow the resistance green band down). We will see in 43 hours, until then I want to buy as it begins to hit the lower support levels (follow the support line orange band down). The white band shows a temporary resistance band that could show the new resistance if it does break above the longer one.
Mona
MONA: The Japanese favoriteMONA is the first Japanese cryptocurrency and is the go to coin for the Japanese people. I'm not really up to date with the fundamentals of this coin but it is an established coin and has been around since 2014. Also, Japan is starting to become more and more crypto-friendly and the Japanese are getting more crypto-aware, so this should be an opportunity for MONA.
Looking at the chart, the price is retracing after the third wave and might bounce from the blue box since it is highly oversold on the stoch RSI and there is a major cloud resistance in this area. If so, that could be the start of the last leg and this could mean a very nice profit.
Mona is ready for 300% gainHello Friends,
Here is the next analysis for you.
I am looking at this coin for more than a week now.
It is consolidating for last 23 days, which is big in the crypto world and hovering around the trendline.
Bigger Picture :
The last consolidation was around 40 days and after that, it grew 3-4 times in 14 days, can history repeat the same? Yes possible. Currently, we are on 23 days of consolidation, would it take 40 days like the previous one? I dnot have an answer. So here is the trade,
Buy now (75000), Exit when the trendline is broken or Buy back at 45000
Target 21000
Stop loss: N/A. It can fall upto 35000.
Timeline for this trade is 31 days (17 more days consolidation + 14 days to grow).
Post your questions.
MONA - Short $11.50 - 16.00+ - Great buy pointsIf we bull our way past ~$15.00 (more importantly, 0.00097 satoshi), we should see a MASSIVE price change in the positive for MONA.
Bollingers are tightening up, indicating a stable price range has been closed upon.
OBV is high, but has been stable for nearly 2 months and historically that means a positive move for MONA.
RSI has clearly penetrated the 14 day RSI MA and stayed above in a parallel fashion.
MACD is above the signal line, but again in a parallel fashion and only above the line by a marginal amount.
So long as BTC doesn't hit 17.5k today, MONA should see a massive pump in the next 3-10 days.
My buy points & amounts are as follows:
0.00084 - 50 MONA
0.00077 - 200 MONA
0.00070 - 300+ MONA
Good luck, and as always, be safe with your trades. Bet what YOU want to bet, but understand what Risk vs. Reward is.
Cheers,
-Jordan
P.S. Please comment, agree, or share this if you found it useful. Feel free to leave me direct messages or say something in here if you have questions, or suggestions on my presentation of this technical analysis. Your feedback is tremendously helpful!
Falling Wedge MONABTC looking like a strong buy today as its breaking out of the falling wedge pattern.
This reversal could be pretty big considering the last pattern back in mid-october. Either way this is a good coin to be holding while youre on vacation during holidays.
OPtimal take profit would be around 130-150k, probably will take place before the new years.
MONABTC - long - fib. projection, trend, cyclesMONABTC idea
Based on previous cycles and fib.projection
As long as the very bullish cryptomarket keep the pace, I think this projection is possible.
Remember to do you own research and remember that crypt is a risky business. Dont invest more than you can afford to loose, use stop loss. I dont take any responsibilty for
MONA 1-Hr Chart: TargetAfter a big bull run, MONA is forming an ABC correction that should bounce off the trend line established by the previous move. RSI has also bottomed out, we are close to touching fib support and the SMMA 50 represented by the purple line. If we close below the established trend line exit the trade. Good luck.
