Looking at our trend timeframe we see the price has remained in its bearish trend since being introduced. Stochastic RSI showing momentum has bottomed out and we could be seeing a shift in the trend. Looking at our price action from last July to today we can see the price has formed a new low at 3,000 satoshis. Since then we have formed a higher low at 5,000 satoshis, and a higher high at 7,500 satoshis. MCO is in a minor uptrend and we should expect the price to continue to the upside.
Shifting over to our pattern timeframe we see the price respecting our uptrend, and looking to make another push to the upside after retracing about 62%. Stochastic RSI showing momentum is in favor of the bulls and will continue. MCO is an appealing coin because you get paid interest for holding their coin, and a debit card if you would like to allow you to spend your crypto. One of the few cryptos with a working product; its no wonder this coin has been on a steady growth path and not as volatile as other cryptos. A daily close above 6300 satoshis and expect the price to test 7,200 satoshis.
