The Monero XMRUSD Road Towards the Megabull - Up to 3,000% GainsHello All!
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Although the historical data is very little on Monero, this simple comparison seeks to compare the Megabull of 2017 against the current 2021 Megabull as seen as the blue fractal on the chart. The idea here is pretty straightforward, and like I said before in previous publications "History Doesn't Repeat Itself, but It Often Rhymes" and in this case I expect an action not similar but close enough.
Short-term, Monero has still not broken the previous ATH at $478~ so buying know at $315 is still an early entry.
In the incoming weeks, I would expect Monero to start defining a bull parallel channel or ascending channel on our log channel in the incoming months which will be the road to either the $4,000 first Megabull target or the second Megabull target at $10,000-12,500 around Oct-Dec 2021. Privacy coins like Monero and DASH tend to be very popular during the Megabull and offer such generous gains.
Summary of the Megabull / Bull Market Targets by Oct-Dec 2021:
$4,000
$10,000-12,500
Looking at few years from now, we can expect a multi year bear market to form a rounding bottom at $1,660-1,460 on Monero.
Assuming you purchase Monero close to the $315 levels, you still can make a maximum of 3,000% gains if this trade plays out as expected.
Best of luck and happy trading!
Carl M.
