Trade Recommendation: Monaco | Hacked: Hacking Finance
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Analysis

Trade Recommendation: Monaco

Posted on .

Trade Recommendation: Monaco

Introduction

This article was posted on Wednesday, 17:56, UTC.

Based on the 4H chart of Monaco, we can see that the price bounces from the support zone. This zone is formed by Simple Moving Average with period 50 and 0.003500 support level. MACD histogram and RSI confirm price reversal. DMI shows trend market conditions and allows opening long trades. It’s a buy signal. Pending orders should be placed above the high of the signal candle at 0.004600 level. Stop orders must be place below the support level. Profit target is at 0.006000 level and a part of trading volume should be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Buy: 0.004600
Stop: 0.003300
Profit Targets: 0.006000

The trading signal is based on Bittrex chart.

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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

Comments
  • user

    AUTHOR sickettyboy71

    Posted on 6:37 pm August 30, 2017.

    “Leaked” version of their app web page appeared earlier this morning; removed quickly, but it did appear to show confirmation that VISA is a partner. CEO of the company quickly tweeted that it was “not the final version” of the page and that VISA confirmation had NOT been confirmed. See #MCO on Twitter for screen caps.

  • user

    AUTHOR hoodun

    Posted on 8:03 pm August 30, 2017.

    Stochastic and Bolinger Bands are showing this as in the bearish zone. Would be very surprised if we will see .0046 today.

  • user

    AUTHOR replicah

    Posted on 11:23 am September 1, 2017.

    What do you mean by Cancel in the recommendations list? Cancel any Buy orders?

  • user

    AUTHOR replicah

    Posted on 12:48 pm September 1, 2017.

    I’m patiently staring at the MCO charts today.. I was one of the fortunate ones to buy into the ICO, however watching it lose 60% in the last week or so has me rattled. What’s your take Dmitriy?

  • View Comments (4) ...
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