Monaco has been doing really well lately, we saw a hughe spike to 25400 satoshi and then a retracement to exactly 0.786 fib level. We are still waiting for the 55 ma to get below current levels. 200 ma still indicating uptrend.
12h chart
On a 4h time frame we can see an impulse wave to 1375, using previous candles close and top as resistance.
The current prise 110000 - 115000 I believe could be a good entry, with RSI getting rejected at 35 and once again a fib retracement to 0.786. Small green doji waiting to close and volume holding up, looks promising.
4h chart
FA: This currency looks really solid, I really like their project and compared to other currencies we can see a proper marketing strategi and deadlines being met. Monaco had their Concencus talk yesterday, so waiting for another announcement will probably start next impulse. I know they haven't released their partner announcement yet, so that is still coming up. They have also started to accept new card appliciants, so the actual product is getting to the market.
Conclusion: Keep Bitcoins movement in mind, we could make a 1:1 retracement depending on where the market is heading. I believe a announcement from Monacos end could start off the next impulse, but overall we're looking good.
I believe current levels are a good place to enter and we can expect next impulse bringing prices up to just below 16000, 0.5 fib retracement levels.
