2017/08/30 – MCO Trade Recommendation

Today we found on Twitter some exciting news that in case of being confirmed by Monaco during the next few days, it might make its price go up. Monaco’s new website apparently was leaked at app.mona.co and it was showing the design of the new Monaco app with Monaco customized Visa cards. This would confirm that Monaco has a deal with Visa to be integrated with its solution.

After all this information was spreading through Twitter, Kris Marszalek, CEO of Monaco needed to show himself on the media and tweeted this:

The message he is sending might seem clear but if we read twice we can find some possible confirmations. First, Visa hasn’t approved their program YET, which means they might have something ongoing with Visa, Secondly and most important, he is naming this information as a leak which is not common to use this term for fake news, so it might be true.

Now let’s see Monaco 30 minutes candle stick chart, to check that there is a reversal trend, its price has bounced after touching the support level and it will go higher as the FOMO will start to spread out.

Today’s trade recommendation is to get some position on Monaco (MCO) with a stop loss order below the support level.

IMPORTANT: Never invest money you can’t afford to lose. Always do your own research and due diligence before placing a trade.

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