free forever qr code generator Monacoin Update + Some Trading Tips

I wanted to give you an update here on Monacoin and at the same time show you how to take actions depending on how the price moves. Here is the daily chart:

See my work over at Steemit: https://steemit.com/@freeforever

Comment: We have been trading below the important bollinger band median for about 2 weeks now and 3 days ago we really broke out to the downside. Now, what is important is that as soon as we noted that we had a daily close below the bollinger band median (red line) that would be a warning sign to get out, if you are in Monacoin for a short term trade.

If you are in Monacoin for the long term, you dont have to worry about anything, then you just accumulate more Monacoins during dips like this.

So, what will happen next? It is likely that Monacoin will go down to test the 200 day moving average (yellow line) and then we hope to see a reversal sign. That could be a good time to get in, or we could wait for a stochastic divergence and that would mean that we might get a sort of a double bottom which take out the previous bottom, and then we will get another reversal sign, that would be an even better buying signal.

So, if you are waiting for a trade, you should just stay at the sideline for now.

Happy investing/trading!

free forever qr code generator Monacoin Update + Some Trading Tips
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Science & Technology	Upload TimePublished on 5 Jan 2018

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