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TheWolfofPoloniex

MCO Buy Signal

Long
TheWolfofPoloniex Updated   
BITTREX:MCOBTC   None
Trend Analysis Chart Patterns Technical Indicators MCO MCOBTC monaco monacocard Cryptocurrency swingtrade daytrade crypto
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trendanalysis chartpattern indicator mco mcobtc monaco monacocard cryptocurrency swingtrade daytrade crypto
Monaco has hit an accumulation floor after many days of retracing. There are currently 3 supports below it, 2 trends + 1 Fib Level. Looks like a good position to enter in for a spike up to the 0.5 Fib Level. Stops set under all 3 supports in case the market decides to dump.
Comment:
The bottom of this level also is has formed a large Falling Wedge :
snapshot
Comment:
Falling Wedge within a Falling Wedge + App Release pushed the bullish breakout!

snapshot

News Source : cdn.discordapp.com/a...937/Release_iOS.jpeg
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