Elliott Wave Analysis TradingLounge Daily Chart,
Monero/US Dollar (XMRUSD).
XMR/USD Elliott Wave Technical Analysis
function: Counter trend.
mode: Correction.
structure: zigzag.
position: Wave C.
Directions Higher degree: Impulse Waves (2).
Wave Cancellation is disabled Level: 138.262.
detail: Wave C ends and a five-wave price uptrend may occur in wave (3).
Monero/US Dollar (XMRUSD) Trading Strategy:
Overall, Monero is in an uptrend, look for an opportunity to join the trend from a correction as the third wave of the uptrend is likely to test the 243.44 level.
Monero/US Dollar (XMRUSD) technical indicators: The price is below the MA200, indicating an uptrend. Wave oscillators are showing bullish momentum.
Elliott Wave Analysis TradingLounge H4 Chart.
Monero/US Dollar (XMRUSD).
XMR/USD Elliott Wave Technical Analysis
function: Counter trend.
mode: Correction.
structure: zigzag.
position: Wave C.
Next higher direction: Impulse Waves (2).
Wave Cancellation Disable Level: 138.262.
detail: Wave C ends and a five-wave price uptrend may occur in wave (3).
Monero/US Dollar (XMRUSD) Trading Strategy:
Overall, Monero is in an uptrend, look for an opportunity to join the trend from a correction as the third wave of the uptrend is likely to test the 243.44 level.
Monero/US Dollar (XMRUSD) technical indicators: The price is below the MA200, indicating an uptrend. Wave oscillators are showing bullish momentum.
Technical analyst: Kitthianpong Somboonsod.
