i tried charting with a 7 day moving average and the 77 day moving average. the method i use here is the boss method alert by popular chart guru brandon kelly.
using the boss method simple moving averages indicators, the rules are simple and straight forward and has two basic beginner rule, if the 7 day ma is over the 77 day ma. it means its time to buy and if the 77 day ma is below the 7 day ma it means its time to sell it.
so using this simple method we notice that the 7 is above the 77 on the 4hr time chart which indicates a strong signal. however if we do break out of the 0.00060-0.0008btc zone, we could see an easy flow all the way up to 0.001-0.0012btc in the coming months as long as the buy keeps increasing and there is no sharp drop or increase in Bitcoin which drives the other markets price action as well.
so do we buy now?
from all indicators monacoin has show stable price action even during the dips of the market and is increasing steadily and gradually in price. however we need one more day to confirm if the days market will close on a positive note or a negative one. if it continues to show signs of strength then i believe it will bring in about 10-35% profit before another retracement.
this has been my own contribution so far. i am in no way compelling anyone to buy or sell mona coin in any way. this are just my personal views considering my own personal experiences and should not be taken as financial advice. i employ everyone to do their due diligence and research before taking up any investment actions.