I made a list of the coins that will be attending in the Consensus 2018 in NYC on the 14-16th of May. Do keep in mind that this meeting has pumped the BTC -0.68% value every year by about 50% to 100%. Bitmexlifestyle published an analysis of that and its not to be taken lightly. Not only is BTC -0.68% affected of this meeting but also the altcoins, especially the ones that are attending it.
So here is a list of those coins and I will be analyzing a few of them today: WAVES, Emercoin, Monaco, Trust Token, Zcoin, VeChain, CDT 0.00% (Blox), HGT 0.00% (Hellogold), SALT, Polymath, Zcash, Enigma, Pundi-X, Atonomi, QTUM, Ripple, AION, SONM, Ripio, Stellar -4.91% , Agrello, ARK.
In this post I'll be looking for Monaco. Please give me a thumbs up and dont forget to follow if this information was useful for you.
Monaco is in a Wedge where it almost has a downward breakout which is a very bad sign for the price of the coin since it will be falling. It is still deciding right now. 988 and 1269 levels are critical. When it passes 988 we can see a lower drop (higher probability), if it passes 1269 meaning also that it has a upward breakout we can see new highs. All in all I don't recommend buying in just yet.
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