#mcobtc

Following our previous idea on MCO/BTC, Monaco coin broke above the upside target, suggesting further growth. At the same time, during this weekend price rejected the 38.2% Fibonacci support, that is btc

On the 26th of June, Monaco coin has formed a strong bottom at 75k satoshis, after which price started to move up, resulting in a healthy 105% gain over the Bitcoin. MCO/BTC has reached the 154k satoshis

Following the previous idea on Monaco coin against the Bitcoin, price has rejected the support level at 161.8% Fibonacci retracement level that is 75.8k satoshis. MCO/BTC then went up as expected and today

Monaco coin has found the support at 57k satoshis and went sharply up towards 165k. The uptrend failed to continue and the price went all the way down to 57k satoshis area. The consolidation continued,

It seems the altcoin market has turned bearish. Is this a down trend for Monaco? It broke down off the uptrend channel today.