MONA in accumulation zoneMONA is looking prime for a strong and huge breakout after all the accumulation we have seen last weeks/days.
Its also at the end of a big falling wedge. Im buying in green zone, stop loss under support in case it breaks downward.
RSI 1d and 4h are good.
If history repeats itself we may even see way higher gains, it will depend of the volume at breakout
FA wise, MONA is kind of JAPAN's litecoin ;)
MONABTC trade ideas
MONA - Short $11.50 - 16.00+ - Great buy pointsIf we bull our way past ~$15.00 (more importantly, 0.00097 satoshi), we should see a MASSIVE price change in the positive for MONA.
Bollingers are tightening up, indicating a stable price range has been closed upon.
OBV is high, but has been stable for nearly 2 months and historically that means a positive move for MONA.
RSI has clearly penetrated the 14 day RSI MA and stayed above in a parallel fashion.
MACD is above the signal line, but again in a parallel fashion and only above the line by a marginal amount.
So long as BTC doesn't hit 17.5k today, MONA should see a massive pump in the next 3-10 days.
My buy points & amounts are as follows:
0.00084 - 50 MONA
0.00077 - 200 MONA
0.00070 - 300+ MONA
Good luck, and as always, be safe with your trades. Bet what YOU want to bet, but understand what Risk vs. Reward is.
Cheers,
-Jordan
P.S. Please comment, agree, or share this if you found it useful. Feel free to leave me direct messages or say something in here if you have questions, or suggestions on my presentation of this technical analysis. Your feedback is tremendously helpful!
Falling Wedge MONABTC looking like a strong buy today as its breaking out of the falling wedge pattern.
This reversal could be pretty big considering the last pattern back in mid-october. Either way this is a good coin to be holding while youre on vacation during holidays.
OPtimal take profit would be around 130-150k, probably will take place before the new years.
MONA-BTC - Mona seems to be setting upMona is looking pretty good, amazing risk x reward. Should be breaking out the triangle soon. You can wait for a confirmation or buy now with a lower stop loss.
I am NOT a professional trader . I've been learning TA on my free time. Don't follow my ideas blindly, do your research and analysis!
MONABTC - long - fib. projection, trend, cyclesMONABTC idea
Based on previous cycles and fib.projection
As long as the very bullish cryptomarket keep the pace, I think this projection is possible.
Remember to do you own research and remember that crypt is a risky business. Dont invest more than you can afford to loose, use stop loss. I dont take any responsibilty for
