XMRUSD ending correction and about to move up (LONG) Pembelian

Monero / U. S. DollarKraken

Deskripsi

⋅ 29 Mei 2018 pukul 02.30

XMRUSD has been in major corrective waves since early 2018. It is now touching a major support level.

Daily chart:

RSI and stochastic oscillators are oversold
MACD is losing momentum
Approaching 0.786 fib retracement for the rally from August 2017 to December 2017
Elliot impulse waves 1-5 and correction waves are complete

Ready for new waves up

First target range: $200-210
Second target: $260

I expect the first corrective Elliot wave to move from $260 to $210

Let's see what happens

Komentar

change-4-a-buck

⋅ 31 Mei 2018 pukul 12.16

counts all wrong , but break-out is imminent

soxinabox

⋅ 31 Mei 2018 pukul 21.28

@change-4-a-buck, thanks for the feedback. I'm still learning about TA and waves. Could you elaborate on how you would count these waves?

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