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Monero / Tether

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XMRUSDT trade ideas

💡Don't miss the great buy opportunity in XMRUSD @monero Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (458). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. Take Profits: TP1= @ 492 TP2= @ 518 TP3= @ 555 TP4= @ 608 TP5= @ 662 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
13
MONERO WAVE COUNT!! You wont believe prices to come!A comprehensive view of the price action since the low of $24 in MARCH 2020 reflects a MACRO 4th wave completion and the beginning of an extended MACRO 5th wave towards much higher prices in the range of $2000-3000; I have linked my long term analysis Idea of Monero below which you can check out for a more layered appreciation of where price can head which further compliments ideas discussed in this article and the bullish sentiment of this asset overall. Monero exhibits a clean wave cycle since the bottom of the MACRO WAVE 4 completion, with a clear Minor wave 1, into an accumulative type consolidation structure followed by a clean 5 wave structure up indicative of Minor Wave 3 completion; however, what we see from the Minor Wave 4 bottom is that the 5th is expanding, or in other words getting very large or in terms of Elliot Wave it is getting extended, where further subdivisions or fractals within waves can be playing out which is indicated on chart. This further compliments the idea that as you build a large move, the start (bottom since $24) take a lot more time but as you get towards the end tailgate of the MACRO move price begins to move more and more parabolically and price gains are quicker in duration. Furthermore, to add to the bullish sentiment is that we have broken the weekly uptrend channel which usually leads to strong impulses to the upside, Price has held the channel as support and looks to impulse higher; additionally, we have strong candle structure at these levels with strong wicks to downside suggesting there is strong buying demand and that the asset is undervalued and subjective to price growth. In this Minor 5th wave as indicated on chart price the fractals are getting more and more extended, which compliments my long term analysis of Monero (ARTICLE BELOW) that Monero may rise to $1300 region before correction/consolidation before more growth in a terminal move. Please like and follow for more Advanced Elliot Wave Analysis!! Check Below
XLong
by NICKVASS10
1