Monaco (MCO/USD) Target $24.18 (3.26x Profit Potential); MCO/BTC Target 0.0051 BTC (6.28x Profit Potential)
SUMMARY
Monaco (MCO/USD) should break out of that symmetrical triangle! If it does, then price needs to impulse upwards. I believe it will and not too long from now, hit the $24.18 target for 3.26x profit potential!
What a long bull flag for MCO/BTC! While there is a chance for a lower low to complete c wave, I believe my primary is to see a breach of the upper trend line and then target towards 0.0051 for 6.28x profit potential.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Hey Haejin! Thanks for tremendous work You're doing. Please take a look at XVG-USD-BTC whenever You have time. Cheers
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