crypto_gunther
Long

MCO Could Reach $195 During This Bull Run

BITTREX:MCOUSD   MCO / US Dollar (calculated by TradingView)
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First, this post is highly speculative and should not be construed as investment advice.

Second, this idea is valid if and only if these conditions are satisfied:

1. The price violently breaks above the previous high of $28.99 and finds support
2. The price reaches the top of the parallel channel
3. The magnitude of the bull run is similar to the rally from $0.63 - $28.99 with respect to price and duration.

Fibonacci Levels:

The price originally opened at $4,457.59 on 7/2/2017 and rallied to $4,704.97. It then tanked to $0.63.

The Fib levels featured on the chart are based on these values using trend based Fib extension.

Let's see if the price can reach the .786 Fib level.



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