Monero/ U.S. Dollar (XMRUSD) Elliott Wave Analysis Daily Chart
XMRUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction at Next Higher Degrees: Wave I of Impulse
Wave Cancel Invalid Level: N/A
Details: The price is in an upward trajectory, aligning with the increase in Wave ((3)).
Monero/ U.S. Dollar (XMRUSD) Trading Strategy
- Wave 3 rally is expected to target the 291.857 level.
- Consider taking advantage of short-term corrections to identify potential consolidation opportunities.
Monero/ U.S. Dollar (XMRUSD) Technical Indicators
- The price is trading above the 200-day Moving Average (MA200), signaling an uptrend.
- The Wave Oscillator highlights bullish momentum, reinforcing the positive price action.
Monero/ U.S. Dollar (XMRUSD) Elliott Wave Analysis 4-Hour Chart
XMRUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction at Next Higher Degrees: Wave I of Impulse
Wave Cancel Invalid Level: N/A
Details: The momentum of Wave ((3)) remains strong.
Monero/ U.S. Dollar (XMRUSD) Trading Strategy
- Similar to the daily chart, the wave 3 rally is projected to test the 291.857 resistance level.
- Look for potential consolidation opportunities during short-term corrections.
Monero/ U.S. Dollar (XMRUSD) Technical Indicators
- The price is maintaining a position above the 200-period Moving Average (MA200), suggesting continued upward momentum.
- The Wave Oscillator confirms bullish momentum, supporting further growth potential.
Technical Analyst: Kittiampon Somboonsod
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