XMRUSD at a critical point, could enter Wave IV
XMRUSD is at a critical point, it touched the 2.618 of Wave II retracement. The question now is whether it'll rebound @ $222 (1.618 of Wave I) or fall deeper.
In my judgement, it's not going to stand above $240 for long.
In a shorter time-frame, we also see a descending triangle.
In my judgement, it's not going to stand above $240 for long.
In a shorter time-frame, we also see a descending triangle.
Note
It seems there has been an effort to avoid falling too much. If this effort persists, it's possible for XMR to stay above $240.
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Related publications
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.