Long

MCO/BTC Symmetrical triangle + possible cup and handle pattern

This is not a trade yet, but i will put MCO on my watchlist. The overall uptrend trendline forms a symmetrical triangle, MCO will squeeze within the upcoming months, possibility to breakout bullish. Also a nice cup forming, the future will tell if this is a confirmed cup and handle pattern. If it works out (hopefully it will, then this will be a valid trade) the target is 155k sats (0.786 fibline)

Buy orders could be placed around 86-80k sats.

This is not financial advice.
If you have any feedback or remarks, please feel free to comment below.

Peace and trade safe!
breakoutBTCBullish PatternsChart PatternscupandhandlepatternTechnical IndicatorsMCOSymmetrical TriangleTrend Analysis

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