Monaco: time to get funky!
Monaco has been on a huge downtrend since leaks happened in summer / Autumn to do with VISA and their cards. price dropped when no info on september 1st update, they are a partner now though! However it looks like were just coming out of it and are possibly in a triangle that is almost ready to breakout.
Triangle could however be less developed and still on D so could take longer to breakout
Ive added RSI and MACD to the bottom of the chart so you can actually see it now if you look at this chart in the future.
RSI - around 50, should go down as candles hit bottom trend line of triangle, which will leave us plenty of room to grow
Not sure about MACD
Im a beginner so all feedback appreciated! this is why no info on MACD so sorry, but im learning!
REMEMBER
-Take all Ideas with a pinch of salt
-Look into everything yourself before investing
-Set your stop loss where you're comfortable, but do set it
-Enjoy it!
Triangle could however be less developed and still on D so could take longer to breakout
Ive added RSI and MACD to the bottom of the chart so you can actually see it now if you look at this chart in the future.
RSI - around 50, should go down as candles hit bottom trend line of triangle, which will leave us plenty of room to grow
Not sure about MACD
Im a beginner so all feedback appreciated! this is why no info on MACD so sorry, but im learning!
REMEMBER
-Take all Ideas with a pinch of salt
-Look into everything yourself before investing
-Set your stop loss where you're comfortable, but do set it
-Enjoy it!
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