Elliott Wave Analysis TradingLounge Daily Chart, 14 September 23, 

Monero/U.S. Dollar(XMRUSD)

XMRUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: Wave ((C)) of Zigzag

Wave Cancel invalid Level: 

Details: The decline of wave (5) equal to wav (1) at 131

Monero/U.S. Dollar(XMRUSD) Trading Strategy: The Monero still is in a downtrend, as the price is below MA200 also structure wave C is not a complete wich indicates the price will fall and has a importance support at 132.759

Monero/U.S. Dollar(XMRUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. MACD and RSI have a bearish momentum.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 13 September 2023.

Monero/U.S. Dollar(XMRUSD)

XMRUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: Wave ((C)) of Zigzag

Wave Cancel invalid Level: 

Details: The decline of wave (5) equal to wav (1) at 131

Monero/U.S. Dollar(XMRUSD) Trading Strategy: The Monero still is in a downtrend, as the price is below MA200 also structure wave C is not a complete wich indicates the price will fall and has a importance support at 132.759

Monero/U.S. Dollar(XMRUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. MACD and RSI have a bearish momentum.

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