There is a possibility for the beginning of an uptrend in MCOBTCTechnical analysis:
. MONACO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00064900 to 0.00056070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00064900)
Ending of entry zone (0.00056070)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00086450
TP2= @ 0.00102580
TP3= @ 0.00115790
TP4= @ 0.00128800
TP5= @ 0.00147650
TP6= @ 0.00171360
TP7= @ 0.00201490
TP8= @ 0.00238400
TP9= @ 0.00347400
TP10= Free
Monacobitcoin
There is a possibility for the beginning of an uptrend in MCOBTCTechnical analysis:
. MONACO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00064900 to 0.00056070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00064900)
Ending of entry zone (0.00056070)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00086450
TP2= @ 0.00102580
TP3= @ 0.00115790
TP4= @ 0.00128800
TP5= @ 0.00147650
TP6= @ 0.00171360
TP7= @ 0.00201490
TP8= @ 0.00238400
TP9= @ 0.00347400
TP10= Free
MCO Tests Trend LineOn August 13 we broke through major support (dotted green line) which triggered a large selloff. August 15th and 16th attempted a break of the long-term trend line (solid green line) much sooner than my prediction, however the price bounced back to the upside off that support. The price is currently testing support levels from mid June. RSI appears to be oversold however momentum could still be to the downside and there is a chance we could retest the long-term trend line.
If you are a strong believer in MCO it appears this is a potentially good price to be long. I am personally going to wait for confirmation of either a double bottom or a daily green Heikin Ashi candle before entering a long position.
This analysis is for education purposes only.
Good luck.
Monaco maybe the only way... Monaco Project, MCO/BTC (BITTREX)With the dead market we have now, we can not see much trade opportunities except maybe some however Monaco has been falling since 07/05/2018 and just recent yesterday it spike from 0.0078 to 0.0092 area and now retrace to 0.0086 BTC so we usually see this type of action in the market when the coin fins its bottom and we know that Monaco is one of those coins which have great supporting community and usually spikes to peaks when it starts its bull run. So Monaco can be one trade where we can earn in mid/long term trade due to the market being dead and having fomo will be really hard at these times.
Good Luck, traders! #moon #mooncommunity
MONACO FALLING WEDGE REVERSAL!! Hello guys,
This is another opportunity, Monaco has been forming a falling wedge reversal which can take us up 0.0016 BTC so that is 60 % profit potential and I think with the bulls we have in the market now that is quite a like breakout to have. We have Stoch oversold bullish, bullish divergence on Elliot Wave Oscillator, MACD higher lows bullish signal and the pattern is also bullish so we just wait and buy on the signal. However now seems exactly the time to buy I think as we have two stron supports which have been tested 0.000895-886.
Below I have other trade opportunity linked and the name of my website, thank you.
Good Luck, Traders! #moon #mooncommunity
MONACO CUP AND HANDLE!Monaco has given its price signal by the breakout it made yesterday, and we can see a lot of indicators such as EMA 20 crossing EMA 200 in 1h time frame and also it has been on a falling wedge reversal and with this signal we have the confirmation of it making the cup. So we are hading to 0.0014 price level from there we should be making the handle and after that we should see if its going to be the blue pill or the red pill depending on where the market is. And now is the best time to buy as the we have retraced from the signal and we have 1h stoch at oversol and demarker showing reduction in demand since the signal. And we have been seeing big red Elliot waves before and for a decent amount of time and now the market is going green again with the Elliot waves so now it is buy buy buy!!
Target for this trade: 0.0014-15 BTC.
Good Luck, traders!
If you want to learn or get advice on trades and receive trading advices please visit my website and subscribe now as this is going to be more than trading consultancy and you would not like to miss out. moon.com
