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XMRUSD trade ideas

You will not believe the prices Monero will reach!!A comprehensive view of the Long Term perspective of Monero (XMR) shows that we are playing out a Macro move here in a MACRO WAVE 5; this is complimented by the extended wave structure we have seen since the bottom at $24 in March 2020 which gives us the indication that a extremely large move is playing out which often moves quicker as you get towards the end of the move; with a long term target of $3000, it is expected that we move much more aggressively to the upside especially after getting above the Schiff Pitchfork Median line and also above the last resistances in the price history (all time high & last weekly orderblock). This all adds to the bullish sentiment and expectation of much higher prices; furthermore, as we move to lower time frames the high expected prices become more reasonable as we see we are in a Minor 5th wave, but within this we see an extremely extended wave count that suggests this Minor 5th wave will be extremely extended and large further complimenting what was previously stated that the end move in this MACRO WAVE 5 would be extremely parabolic and quick in duration. Lower time frame targets compliment the higher time frame targets with confluence in the $1000-1300 range in this next Subminuette wave 3 push towards 0.5 Green Inner Median Line before consolidation/correction and a further terminal move towards the $2000-3000 range. I will publish a further analysis on lower time frame of Monero for a more layered appreciation of where price can head. Please like and follow for more Advanced Wave Analysis. Check Below
POLONIEX:XMRUSDLong
by NICKVASS10
2
XMRUSD Buy the pull-back for $590.Monero is seen very effectively on the Fibonacci Channel formation but since August 2020 has been trading within a Bullish Megaphone pattern. The peaks have matched well with the Fib levels of the Channel with the current one being at 2.5. Every peak is on the 1.618 Fib extension from the previous bottom. Also every peak is made on or right after the LMACD forms a Bearish Cross. Right now the LMACD has made a Bearish Cross. Assuming the low of this phase was made on April 23 (otherwise if a new low is made you'll have to readjust the Fib and calculate the extension from that point) and since the Higher Highs trend-line of the Bullish Megaphone was reached, XMRUSD is most likely on a peak. The pull-back should bring a new Higher High at around $590. Most recent XMRUSD ideas: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
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by TradingShot
7