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Monaco (MCO) Technical Analysis. Downtrend Coming to an End?

BINANCE:MCOBTC   Crypto.com / Bitcoin
Beautiful cards and a cheaper way of exchanging currencies, BINANCE:MCOBTC             is a mid-cap coin attempting to change the way we think about commerce. I'm long-term bullish about this coin but am looking at some short-term TA to see if its time to get out and wait for a buy-in point or just stick with the coin that I have now. As with many of my TAs, I see a few positive indicators:

  • Established downward-trending channel with several tests in the past few weeks
  • Flattening parabolic line that indicates a potential reversal ahead
  • Oversold RSI indicators showing in the middle of the channel instead of at the bottom

It looks like the bears are getting tired of selling and are losing momentum. Now that we have the weak money out, I think it's time we see a BINANCE:MCOBTC             rally! Note that we are still within our downward channel , but I do see evidence that suggests that we're about to exit our channel and flatten/reverse direction. I'd like to hear your thoughts on BINANCE:MCOBTC             , especially if you're trading/looking to trade! Please comment below, as the more input we see, the more informed we are!

*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Big news comming on this coin in the next month, including app worldwide and working cards in Asia (possibly not full rollout and only beta)
+2 回复
camblev camblev
@camblev, This is what is scheduled, they have developed a rep for being late, but they are major sponsor for Money 20/20 Asia in March
+1 回复
@camblev, Awesome comments, I appreciate the update! As I said, I've very excited about what the team is doing and I am expecting a rally soon! Good luck to the both of us!
+2 回复
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