Bearish on MCO: Falling below second descending triangle

٢ سبتمبر ٢٠١٧

After recently falling through a descending triangle, it looks like BITTREX:MCOBTC is about to do it again with a second descending triangle. It's currently breaking below the bottom of the second triangle and hitting a previous support level around .002 BTC. Looking back, there are potential supports at .00166 (previous support level and the .786 Fibonacci retracement level from the beginning of the BITTREX:MCOBTC spike) or .0009 (previous support level).