MCOA accumulation phase for a leg up or the next bull run
The daily chart of
MCOA
looks like bottoming, after being in a downtrend for a long time.
In terms of indicators, there is a bullish divergence both on RSI and MACD.
Also, the downtrend lacked volume but here in this bottom area the volume increased a lot, as you can see. This is evidence that smart/institutional money are accumulating.
My targets are as follow:
0.0127 (180% profit)
0.0380 (710% profit)
0.2070 (4450% profit)
MCOA
looks like bottoming, after being in a downtrend for a long time. In terms of indicators, there is a bullish divergence both on RSI and MACD.
Also, the downtrend lacked volume but here in this bottom area the volume increased a lot, as you can see. This is evidence that smart/institutional money are accumulating.
My targets are as follow:
0.0127 (180% profit)
0.0380 (710% profit)
0.2070 (4450% profit)