Update on Monaco. MCO — BTC on May 22, 2018May 24, 2018
The coin is showing the opportunity for the good entry. Can go lower, but now we can see that the market is ready to go beyond the formed downtrend wedge on its upper edge, which is a good sign. On the 12 hours timeframe, the indicators confirm the opportunity to grow and show the oversold condition, also on the 2 hours timeframe we can see the bullish divergence, which also indicates the further growth. The market now has a potential to bounce from this level to the levels of resistance, which are shown on the graphics.