Monero (XMR/USD). Possible Complex Correction.
Monero could be in a large corrective structure within wave 4 unfolding as a double zigzag WXY.
The price should break below the yellow uptrend support.
It could either reach only end of wave W at the 150 mark (blue zigzag) or dip much lower into the area of 120 (purple zigzag).
And then we could see continuation to the upside to reach out to the 208.20 mark at minimum to hit the previous top.
It is early yet to calc the ultimate target as correction is still underway.
The price should break below the yellow uptrend support.
It could either reach only end of wave W at the 150 mark (blue zigzag) or dip much lower into the area of 120 (purple zigzag).
And then we could see continuation to the upside to reach out to the 208.20 mark at minimum to hit the previous top.
It is early yet to calc the ultimate target as correction is still underway.
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