MonaCoin uptrend is still intact since it continues to produce higher highs and higher lows. On the 6th of January price reached an all-time high, hitting btc 0.00175, while at the same time producing spike above the very strong resistance at btc 0.00155.
The corrective wave down followed resulting in a 75% drop. The correction was stopped at 127.2% Fibonacci support, which has been rejected together with the uptrend trendline. At this point, MONA/BTC is likely to continue moving up towards a key resistance at btc 0.00155. Break above will confirm the longer term uptrend, while if rejected, a consolidation or a correction should take place. On a downside, only a break and close below the 30k satoshi support could invalidate bullish outlook.
The corrective wave down followed resulting in a 75% drop. The correction was stopped at 127.2% Fibonacci support, which has been rejected together with the uptrend trendline. At this point, MONA/BTC is likely to continue moving up towards a key resistance at btc 0.00155. Break above will confirm the longer term uptrend, while if rejected, a consolidation or a correction should take place. On a downside, only a break and close below the 30k satoshi support could invalidate bullish outlook.
Not
Monacoin at the supportNot
same view, uptrend expected,price remains at the support
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.