Elliott Wave Analysis TradingLounge.
Monero/ U.S. dollar(XMRUSD).
XMR/USD 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.
Monero/ U.S. dollar(XMRUSD).
XMR/USD 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.
