The chart above shows a complicated corrrection
Flat ABC correction followed by a zigzag upwards (XYZ) into a 5 wave secondary correction (a double three)
All signs including Fundamentals point to a breakout imminently. There is a small chance the triangle can get squeezed a bit more and prolong the recovery.
Throughout 2018 monaco should have 1.a live card 2.credit functionality similar to SALT 3.some kind of investment product. Monaco is the ONLY debit card that has an approved visa programme - albeit no cards YET
All of this in additon to the ability to be able to purcase and WITHDRAW crypto from and to fiat. The screenshot below -
- Shows clearly the ability to exchange, buy and transfer through the app.https://twitter.com/monaco_card/status/959007275082907653
- monaco_card
Kris the CEO said during the Q and A last week that there would be 200+ coins spendable through the Monaco app and card, there has been a deep relationship with Monaco and Binance since the two companies were first formed. leading me and most of the other degerates in the monaco Slack to think that Monaco will effectively become Binances Fiat on ramp, Binance themself said in a blog post that there would be MCO/BNB pair and that BNB would be spendable through the monaco card.
Monaco was also supposed to be listed on Bithumb (rumour) but because of the korea FUD it was put on hold. take the bithumb thing with a pinch of salt mind you. when asked Kris neither confirmed or denied it - but he did say its under NDA - read between the lines what you like. id say 50/50
what else...
monaco is a major sponsor of Money 20/20 conference in singapore in March - Kris said that "it would be pointless to attend if we didnt have a working product"
so yeah - I'm pretty confident - Ive been about 80% of my folio in Monaco since September so I obviously have a vested interest. but I think it could be one of the more promising Alts of 2018 - seemingly under the radar too since many still think its a scam.
Any critique on my TA is welcome and encouraged - the only thing I am a bit unsure of is the wave structure for the final triangle.
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