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MCO/BTC Falling Knife

BITTREX:MCOBTC   Monaco / Bitcoin
The market has dropped to crucial support level . Also RSI on 4H, 1H and 1D charts looks oversold.
It is posibble to try catching the falling knife near 0.00057-0.00062 zone.
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I watched it. I'm just telling you what I read in the Monaco forum. I just thought I would give you a heads up just in case it.
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The price of Monaco has plummeted for two reasons. There is the obvious reason which is bitcoin of course. Then there is the not so obvious reason. It seems that Monaco investors are concerned that it could be a scam coin.
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@pamm99, Very undervalued, fundamentally this is the most solid up and coming Visa token, and the ONLY one that Visa has directly acknowledged. They took a hit with changing their contract to remain in compliance with security regulation which will poise them to succeed long term where the competitors are pumping hype. In 6 months Monaco may be last man standing with a crypto Visa outside the EU market. Short term if they get their app out and some live cards in Singapore the floor will be 10-12 with some highs above 15.
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