MONACO/BITCOIN (MCOBTC Technical Analysis)

Been looking at Monaco coin and it looks like it's consolidation phase is nearing conclusion. Probably will break out in the next few days to a couple weeks, particularly with wave E still to come... Last impulses were explosive so I expect the same.

Set my first target to 20k sats which is almost a 100% increase now.

Risk is that wave E correction may decrease your investment if you buy in now, so you may want to wait for the confirmed breakout.

On higher timeframes the "impulse" early December looks more like the start of wave D than the first impulse so a dip for wave E is expected... although not signification considering how much the entire retracement has already come.