Stevus_

MCO in a corrective wave

看空
BITTREX:MCOBTC   None
MCO has finished an EW cycle, and is is the process for an corrective wave (-23% at this publication time on Bittrex).

MCO is going to publish its new app on August 31st, but rumours emerge as the 500 cards are sent without the Visa logo.
I don't know if this ia verified or fake, but the market seems to "sell the rumor".

The Mona.co website do not reflet Visa on its web site https://mona.co/images/black-card-banner-desktop-f416df99.jpg

The BO reflects the B wave with a resistance at 40.
Nevertheless an huge buy wall is present at 50, which coincides with the previously seen resistance.

As of now, the dip can be tried, but it's wiser to have SL or entry orders prepared below/over the SR.

This idea is based on my technical analysis, in case of a major news, it can be invalidated any way
This is not a trading advice but my point of view
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。