Free Monkey Project (MONK) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
06 Dec / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

Monkey Project (MONK) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of Monkey Project (MONK), considering 256 signals with intricate details. Here are the key findings: 31 signals suggested buy strategies, while 112 indicated sell strategies. The remaining 113 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 11
Sell Signals: 24
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 6
Sell Signals: 31
Neutral Signals: 27
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 4
Sell Signals: 32
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 10
Sell Signals: 25
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 31
Sell Signals: 112
Neutral Signals: 113
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Monkey Project (MONK) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Monkey Project (MONK) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Monkey Project (MONK) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Monkey Project (MONK) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 4.88% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Monkey Project (MONK)** holdings.

Monkey Project (MONK) Price Analysis and Support Levels:

In our current Monkey Project (MONK) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 0.000456 We are closely monitoring the price at the first support level of 0.000456, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 0.000451 If the first support level at 0.000456 is broken, the second support level at 0.000451 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 0.000445 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 0.000445 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Monkey Project (MONK). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Monkey Project (MONK) technical analysis chart

Monkey Project (MONK) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.000517 0.00054 0.000576 0.000579 0.000627
Support 0.000456 0.000451 0.000445 0.000361 0.000312
 Monkey Project (MONK) Support and Resistance area (06 Dec)

Monkey Project (MONK) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Monkey Project (MONK) candlestick patterns on 06 Dec

Today's Monkey Project (MONK) Candle Patterns List:

Doji Hammer Long Legged Doji Rickshaw Man Hanging Man Spinning Top

Monkey Project (MONK) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Hold HoldHoldHoldHold
2 04 Dec Hold NeutralHoldHoldHold
3 03 Dec Hold HoldHoldHoldHold
4 02 Dec Sell HoldHoldHoldSell
5 01 Dec Hold HoldHoldHoldNeutral
6 30 Nov Sell SellSellSellNeutral
7 29 Nov Hold NeutralNeutralHoldHold
8 28 Nov Hold NeutralNeutralHoldHold
9 27 Nov Hold NeutralNeutralHoldHold
10 26 Nov Hold NeutralHoldHoldHold
11 25 Nov Hold NeutralHoldHoldHold
12 24 Nov Hold NeutralHoldHoldHold
13 23 Nov Hold NeutralHoldHoldHold
14 22 Nov Hold NeutralHoldHoldHold
15 21 Nov Hold HoldHoldHoldHold
16 20 Nov Hold HoldHoldHoldHold
17 19 Nov Hold HoldHoldHoldHold
18 18 Nov Hold HoldHoldHoldHold
19 17 Nov Hold HoldHoldHoldHold
20 16 Nov Hold HoldHoldHoldHold
21 15 Nov Hold HoldHoldHoldHold
22 14 Nov Hold HoldHoldHoldHold
23 13 Nov Hold HoldHoldHoldHold
24 12 Nov Hold HoldHoldHoldHold
25 11 Nov Buy BuyBuyBuyBuy
26 10 Nov Sell HoldHoldSellNeutral
27 09 Nov Hold HoldSellNeutralHold
28 08 Nov Sell SellNeutralHoldHold
29 07 Nov Sell NeutralSellSellSell
30 06 Nov Hold HoldHoldHoldHold

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