XMRUSD MONERO - Monero in wave II - not wave IV
Is Monero in wave IV or in wave II ?
Ten waver - five counts ;-)
So lets look at that thing:
Wave "iii" is 3.618 x "i" and is perfectly countable. Everything fits.
Wave v of "iii" is extended. cryptos often do that and after souch an ext. five we often get an irregular flat - so parts of wave b of "IV" made that new high and that fits also to me.
Extendeds wave "v" makes 2,23 x 0-"iii".
So i am convinced that this whole thing is a wave 1. Looks perfect for me.
Will we get a final selloff to the 0.618? I hope so ;-)
Over 110 my chances will drop.
Ten waver - five counts ;-)
So lets look at that thing:
Wave "iii" is 3.618 x "i" and is perfectly countable. Everything fits.
Wave v of "iii" is extended. cryptos often do that and after souch an ext. five we often get an irregular flat - so parts of wave b of "IV" made that new high and that fits also to me.
Extendeds wave "v" makes 2,23 x 0-"iii".
So i am convinced that this whole thing is a wave 1. Looks perfect for me.
Will we get a final selloff to the 0.618? I hope so ;-)
Over 110 my chances will drop.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.