Elliott Wave Technical Analysis: Monero (XMRUSD)
Elliott Wave Analysis TradingLounge 3-Daily Chart, 12 August 2022, Monero(XMRUSD)
XMRUSD Elliott Wave Technical Analysis Mode: Motive
Structure: Impulse
Position: Wave I
Direction Next higher Degrees: Wave C of Zigzag Details: The sub-wave of the first wave is about to end. Watch out for the reverse in Wave Cancel invalid Level:
Monero(XMRUSD) Trading Strategy: The entry price is entering the last wave of the first wave. And it is going up to test resistance at MA50, waiting for a reversal in the second wave to enter the trend again.
Monero(XMRUSD) Indicators: MACD and MACD Histogram have a reversal signal in an uptrend.
TradingLounge Analyst: Kittiampon Somboonsod
(Click on image to enlarge)
Elliott Wave Analysis TradingLounge 4H Chart, 12 August 2022, Monero(XMRUSD)
XMRUSD Elliott Wave Technical Analysis Mode: Motive
Structure: Impulse
Position: Wave ((4))
Direction Next higher Degrees: wave I of C
Details: Entering the fifth wave. Watch out for the reverse Wave Cancel invalid Level:
Monero(XMRUSD) Trading Strategy: The short-term rise of the fifth wave After the fourth wave The level of the end of the triangle pattern is at The end of wave D, but
if the price descends below the end of wave E, it is possible that the fifth wave may end at wave B.
Monero(XMRUSD) Technical Indicators: MACD and MACD Histogram continue in the same direction.
(Click on image to enlarge)
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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