MCO (Bittrex: MCOUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, MCO began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, MCO should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe MCO is currently in the red wave three. The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Crypto.com includes the Crypto.com App (to buy, exchange, send and track cryptocurrency) and the MCO Visa Card (to spend your cryptocurrency in the real world). Bitcoin for Beginners tested the card one month ago.
(Sources: https://crypto.com/en/index.html)How Will MCO Trade?
MCO (Bittrex: MCOUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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