to understand will what i writte please put this in mind:
- Down trend: color ( Green, blue, purple, Red)
- Up trend color: black
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we see that MCOBTC follow the down trand (Green) sinc 27/12/2017 until breakout on 07/01/2018 and test again on 17/01/2018. after that he follow an new down trend (Blue) that began from 25/12/2017 and still live to this moment, but we see that this down trend he is broken (look at the eclipse). here we expect that the price can hit the uptrend (Black) at 0.0013 BTC and we can see MCOBTC again at 0.001 or 0.0009 to 0.0008.
and other down trend come to appear under the Blue trend since 14/01/2018, but he is broken on 02/03/2018. the price test the broken down trend (purple) and take a good way to hit new level since 19/02/2018.
===> here we expect to hit the up trend before visiting support line
we expect after, thet monaco visit the supports line at 0.001 or 0.0009 or 0.00082, because all the mouvement that we see come from news.
if you are in trading monaco from 0.00062, just keep you positions until he broke again the support line at 0.0008.
note: that all what you read here is just my opinion about this currency it's not advice to enter or to sell.
- Down trend: color ( Green, blue, purple, Red)
- Up trend color: black
-----------------------------------------------------------------------------
we see that MCOBTC follow the down trand (Green) sinc 27/12/2017 until breakout on 07/01/2018 and test again on 17/01/2018. after that he follow an new down trend (Blue) that began from 25/12/2017 and still live to this moment, but we see that this down trend he is broken (look at the eclipse). here we expect that the price can hit the uptrend (Black) at 0.0013 BTC and we can see MCOBTC again at 0.001 or 0.0009 to 0.0008.
and other down trend come to appear under the Blue trend since 14/01/2018, but he is broken on 02/03/2018. the price test the broken down trend (purple) and take a good way to hit new level since 19/02/2018.
===> here we expect to hit the up trend before visiting support line
we expect after, thet monaco visit the supports line at 0.001 or 0.0009 or 0.00082, because all the mouvement that we see come from news.
if you are in trading monaco from 0.00062, just keep you positions until he broke again the support line at 0.0008.
note: that all what you read here is just my opinion about this currency it's not advice to enter or to sell.
