MoneroLong
XMRUSD ending correction and about to move up (LONG)
XMRUSD has been in major corrective waves since early 2018. It is now touching a major support level.
Daily chart:
RSI and stochastic oscillators are oversold
MACD is losing momentum
Approaching 0.786 fib retracement for the rally from August 2017 to December 2017
Elliot impulse waves 1-5 and correction waves are complete
Ready for new waves up
First target range: $200-210
Second target: $260
I expect the first corrective Elliot wave to move from $260 to $210
Let's see what happens
Daily chart:
RSI and stochastic oscillators are oversold
MACD is losing momentum
Approaching 0.786 fib retracement for the rally from August 2017 to December 2017
Elliot impulse waves 1-5 and correction waves are complete
Ready for new waves up
First target range: $200-210
Second target: $260
I expect the first corrective Elliot wave to move from $260 to $210
Let's see what happens
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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.
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.