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Elliott Wave Analysis TradingLounge Daily Chart

Monero/ U.S. dollar(XMRUSD)

XMRUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: Wave I of Impulse

Wave Cancel invalid Level:

Details: the Increase wave ((3)).

Monero/ U.S. dollar(XMRUSD)Trading Strategy:
The wave 3 rally is likely to test the 291.857 level. So look for a consolidation opportunity from a short-term correction.

Monero/ U.S. dollar(XMRUSD)Technical Indicators: 
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge 4hr Chart

Monero/ U.S. dollar(XMRUSD)

XMRUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: Wave I of Impulse

Wave Cancel invalid Level:

Details: the Increase wave ((3)).

Monero/ U.S. dollar(XMRUSD)Trading Strategy:
The wave 3 rally is likely to test the 291.857 level. So look for a consolidation opportunity from a short-term correction.

Monero/ U.S. dollar(XMRUSD)Technical Indicators: 
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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