I keep my eye on Mona..both of them at times... Its has very "neat" cycles, very clear break out, breakdown, flatline. In about 1.5 months of each other so far.
I use the BOSS Method to chart.. this includes mostly a 7 and 77 day moving averages, BOSS Method can also incorporate 21(red) day and 231 day.
Right now I believe Mona is looking for a "mini-breakout", the 7(green) day is crossing the 77(orange) in an upward trend, the 231 day has huge upward momentum still which i feel like will push price up favorably by a minimum of 35%. Over the last 2 days it found good support and is back on its way up. My gut tells me it will most likely be rejected by the 231 day(grey area) as long as the 77 is under the 231, but not before a quick 35% gain. Probably a good week long trade, maybe less, starting now.
Cheers!!
Isaac
I use the BOSS Method to chart.. this includes mostly a 7 and 77 day moving averages, BOSS Method can also incorporate 21(red) day and 231 day.
Right now I believe Mona is looking for a "mini-breakout", the 7(green) day is crossing the 77(orange) in an upward trend, the 231 day has huge upward momentum still which i feel like will push price up favorably by a minimum of 35%. Over the last 2 days it found good support and is back on its way up. My gut tells me it will most likely be rejected by the 231 day(grey area) as long as the 77 is under the 231, but not before a quick 35% gain. Probably a good week long trade, maybe less, starting now.
Cheers!!
Isaac