Long

Potential Elliot Wave XMRUSD

Updated

Potential Elliot Wave XMRUSD. Wave 1 not complete yet. Top of Wave 1 based off of previous support/resistance.

Note

61.8 of Wave 1 = 91.66 (Placed Limit Buy order). If order fills plan to sell between 105 - 110. $110 looks like the top of Wave 3. Wave 1 could continue if it does not meat the 50.0 - 61.8 retracement.

Trade active

Had to adjust the retracment due to the first wave having more momentum. 61.8 levels reached of wave 2. Look for wave 3 to be between 110 - 114.

Note

Disregard the last screenshot wrong chart :)

Note

Looks like it could be breaking a pennant to continue with wave 3. $103 is the true test as this is precious resistance. Running very tight.

dropd01

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