Monaco (MCO) looks poised to explode out of a very long descending triangle. Several times it has bounced off of the 0.886 fib for support as of late. My thoughts are to buckle-up for a nice ride.
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Monaco has been running along the descending trend line and the volume has shrunk. Shouldn't be too much longer before it takes off!
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MCO is now using the former resistance as support! RSI is showing it to be at an oversold level and volume is increasing. All good signs despite the way BTC has been moving!
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