MONACOIN has been on a retracement since its last bull run, and has reached its first support, the coin may go on reversal anytime as RSI shows oversold, the red Elliot Wave looks at its peak and is looking for a move up, the MACD still looks down however it can start its way up any time soon, in my opinion, as its the first time it hits this support level after its retracement and sudden spikes may happen. If it finds its support at this level we should see it heading towards its first resistance at the price of 0.0005 BTC HOWEVER this support may be weak if the market goes bearish and we should rebuy at the next support which is 0.00043 BTC.
BUY-IN: 0.00046-0.00047 BTC
Targets:
1. 0.0005 BTC
2. 0.00055 BTC
Stop-loss: 0.00045 BTC
Re-buy: 0.00043 BTC
Good Luck, Traders!
ASHANTI!
BUY-IN: 0.00046-0.00047 BTC
Targets:
1. 0.0005 BTC
2. 0.00055 BTC
Stop-loss: 0.00045 BTC
Re-buy: 0.00043 BTC
Good Luck, Traders!
ASHANTI!