Monero (XMRUSD) Elliott Wave Technical Analysis 26 September 2022

Elliott Wave Analysis TradingLounge Daily Chart, 26 September 2022, Monero (XMRUSD)
XMRUSD Elliott Wave Technical Analysis
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (2) of Motive
Details: A retrace in wave (2) to continue up in wave (3), but the price must not fall below 134.072.

Wave Cancel invalid Level: 134.072
Monero (XMRUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 174.2 level as MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position.

Monero (XMRUSD) Technical Indicators: MACD and MACDHistogram has a Bul ish divergence, and the price has an opportunity reversal.
TradingLounge Analyst: Kittiampon Somboonsod

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 26 September 2022, Monero (XMRUSD)
XMRUSD Elliott Wave Technical Analysis
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (2) of Motive
Details: A retrace in wave (2) to continue up in wave (3), but the price must not fall below 134.072.

Wave Cancel invalid Level: 134.072
Monero (XMRUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 174.2 level as MACD and MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position.

Monero (XMRUSD) Technical Indicators: MACD and MACDHistogram has a Bul ish divergence, and the price has an opportunity reversal.

(Click on image to enlarge)