Monaco (MCO) Trading Within Ascending Channel

9 jul 2018

Monaco (MCO) is now trading within a steep ascending channel.

Looking at the weekly chart, it seems that Monaco will have a positive week ahead.

We have many bullish signals coming out of this chart above, with the EMA lines crossing up, bullish MACD, STOCH and RSI. Strong green candles and more.

More bull action is coming for this coin.

Note: This is not a trade advice.

Thanks a lot for reading.

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9 jul 2018

Nota

Very steep, the ascending channel, yet beautiful... :)

9 jul 2018

Nota

Interesting comment from user digitaldash

"I actually locked in some of my MCO within the app for 6 months in exchange for a higher tiered card :) It comes with cash back for spending as well as interest for coins you hold in your wallet (both paid in MCO, which should promote the coin even more). I was planning on holding some MCO long term anyways, so it was a win-win for me. What really excites me about Monaco is that they have two other services that they plan on offering in addition to their debit card platform: Automated Crypto Investing & Crypto Credit.

"The Automated crypto investing platform they're building seems similar to other auto investing platforms out (ie. Acorns, Stash, Robinhood, etc), however the key difference is that it specifically caters to the cryptocurrency market rather than the normal stock market. This is a concept that I've yet to see built properly, and I think that MCO may just be able to pull it off!

mco.crypto.com/en/crypto_invest.html

"The other service that is currently in the works is a platform where you can use cryptocurrency in your wallet as collateral for a line of credit. They won't require any credit checks and there won't be any statement payment deadlines. And of course best of all, you still get to keep your crypto assets once you pay it all off :) No having to sell your assets! I believe they'll be accepting MCO and BTC initially as collateral, which should boost MCO even more.

mco.crypto.com/en/crypto_credit.html

"It seems like MCO has some big plans in the works, which excites me about the future of the company/coin. Oh, and we can't forget that they also now own the domain, Crypto.com :) It seems pretty apparent that they're on the up and up in the cryptocurrency world, so hopefully everyone here who invests in MCO will be very happy that they did. I have a very strong feeling that we'll continue seeing MCO increase in price as the months go by!"