XMR has formed a harmonic pattern that is apparent over multiple high-time frames, beginning with daily, but also showing on the 2day, 5day, and the weekly. Take profits are yellow, stop loss is red
Targets are in green corresponding to the 0.618, 0.786, and 0.886 Fib levels as a reaction of the god level Gartley
This was the chart I found that went back the furthest. When in Log Scale, you can see above that Chainlink has been in a 5 year continuous uptrend. Notice there have been several times where the channel was broken, but as we know in technical analysis, it is not the initial breakdown that matters, but the follow through price action. As you can see, the follow...
QRDO has underperformed as of late but I would argue that, despite this being on the hourly, the incoming breakout/down here will lead to a violent reversal to the upside.
The harmonic formed and you can see we have remained inside of this triangle ever since. I believe if, and when, we break out fo the triangle that we will go to each proit target.
We are currently sitting right where we need to be in order to see this harmonic play out, we have already seen the initial impulse reaction followed by the retrace, which is where we are currently at right now. Everything still depends on bitcoin not dumping, however. Targets are in yellow, stop loss is in red. We just saw a similar play play out on FLUX.