Lot's of alts have been doing crazy gains over the past few months. Even after the correction that is happening right now many will still be to high to enter.
MONAUSD is one to keep an eye on.
Green Zone is reload zone based on fib retracement.
Risk to reward in green zone is 1:10
Ideally we see Mona breaking above long term descending trend line, coming back down to retest it, possibly form some W's and take off from there.
When we come down further our indicators will most likely also show us that Mona is oversold and show us buy signals.
Let's see what the future has in store!
Cheers,
W
MONAUSD is one to keep an eye on.
Green Zone is reload zone based on fib retracement.
Risk to reward in green zone is 1:10
Ideally we see Mona breaking above long term descending trend line, coming back down to retest it, possibly form some W's and take off from there.
When we come down further our indicators will most likely also show us that Mona is oversold and show us buy signals.
Let's see what the future has in store!
Cheers,
W