Hey guys,
MCO seems to be forming a triangle pattern right now. I personally think think it will exit out of the triangle upwards, as opposed to downwards. Cryptocom typically release major news when the market conditions are favorable, and right now, it seems favorable. It the announcement of MCO Visa Card getting the green light for operations in the US (medium.com/@Crypto.c...-states-fd8d154e6df1) was made on the 16th of November 2018. That's 7 weeks ago. Then on the 19th of December they started accepting address details for US customers (twitter.com/cryptoco.../1075255470837751808). That was 2 weeks ago. The time it took from the announcement of the acceptance of address details for Singapore residents to cards shipping in Singapore was around 7 weeks. This time round, it could be faster, as now they have more experience with the process and have far fewer hurdles.
With the TA side of things, we can see the 7-day EMA (aqua colored line) and 77-day EMA (lime colored line) about to possibly converge, plus plenty of upward space for MCO to move, and if this ends up happening, then that would indeed be bullish. Also, there appears a double bottom, and a wacky looking inverse head and shoulders. If it breaks the neckline, then we can expect 0.00075.
BTC right now appears bullish. It's forming an inverse head and shoulders, with the right shoulder almost completed and close to clearing some major MA's and resistances.
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Be sure to sign up to the MCO app using the referral code P195VO5VKA, to score some free bonus sign-up money ($40 USD worth of MCO ).
Remember,
patience is paramount!
Good luck!
MCO seems to be forming a triangle pattern right now. I personally think think it will exit out of the triangle upwards, as opposed to downwards. Cryptocom typically release major news when the market conditions are favorable, and right now, it seems favorable. It the announcement of MCO Visa Card getting the green light for operations in the US (medium.com/@Crypto.c...-states-fd8d154e6df1) was made on the 16th of November 2018. That's 7 weeks ago. Then on the 19th of December they started accepting address details for US customers (twitter.com/cryptoco.../1075255470837751808). That was 2 weeks ago. The time it took from the announcement of the acceptance of address details for Singapore residents to cards shipping in Singapore was around 7 weeks. This time round, it could be faster, as now they have more experience with the process and have far fewer hurdles.
With the TA side of things, we can see the 7-day EMA (aqua colored line) and 77-day EMA (lime colored line) about to possibly converge, plus plenty of upward space for MCO to move, and if this ends up happening, then that would indeed be bullish. Also, there appears a double bottom, and a wacky looking inverse head and shoulders. If it breaks the neckline, then we can expect 0.00075.
BTC right now appears bullish. It's forming an inverse head and shoulders, with the right shoulder almost completed and close to clearing some major MA's and resistances.
-
Be sure to sign up to the MCO app using the referral code P195VO5VKA, to score some free bonus sign-up money ($40 USD worth of MCO ).
Remember,
patience is paramount!
Good luck!
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