XMRUSD Elliott Wave Analysis: TradingLounge Monero Daily Charts

Monero (XMRUSD) Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave C

Next Higher Degree Direction: Wave (2) of Impulse

Invalidation Level: 138.262

Details: Wave C may conclude, leading to a potential five-wave increase in Wave (3).

Monero (XMRUSD) Trading Strategy

Monero continues its uptrend, with the third wave likely to test the 243.44 level. This presents opportunities to join the trend during corrections.

Monero (XMRUSD) Technical Indicators

  • Moving Average (MA200): The price is below the MA200, indicating an uptrend.

  • Wave Oscillator: Showing bullish momentum.

XMRUSD-1D-Crypto-Cha...


XMRUSD Elliott Wave Analysis: Monero H4 Chart Analysis

Monero (XMRUSD) Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave C

Next Higher Degree Direction: Wave (2) of Impulse

Invalidation Level: 138.262

Details: Wave C may conclude, leading to a potential five-wave increase in Wave (3).

Monero (XMRUSD) Trading Strategy

Monero continues its uptrend, with the third wave likely to test the 243.44 level. This presents opportunities to join the trend during corrections.

Monero (XMRUSD) Technical Indicators

  • Moving Average (MA200): The price is below the MA200, indicating an uptrend.

  • Wave Oscillator: Showing bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Binance Coin / U.S. Dollar (BNBUSD) Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support

XMRUSD-4h-Crypto-Cha...

Related

URW Elliott Wave Analysis for ASX Stock Unibail Rodamco Westfield Provides Critical Insights into Potential Stock Price Movements

URW Elliott Wave Analysis for ASX Stock Unibail Rodamco Westfield Provides Critical Insights into Potential Stock Price Movements

Our latest Elliott Wave analysis for ASX UNIBAIL-RODAMCO-WESTFIELD (URW) provides critical insights ...

Read More >
Mastering EURUSD Elliott Wave Technical Analysis: Key Insights for Daily and 4-Hour Forex Forecasts

Mastering EURUSD Elliott Wave Technical Analysis: Key Insights for Daily and 4-Hour Forex Forecasts

This EURUSD Elliott Wave analysis provides a comprehensive look at daily and 4-hour chart structures...

Read More >
Hindalco Industries Stock Forecast: Unlock Key Market Insights with Hindalco Stocks Elliott Wave Technical Analysis

Hindalco Industries Stock Forecast: Unlock Key Market Insights with Hindalco Stocks Elliott Wave Technical Analysis

This article provides an in-depth Elliott Wave analysis of Hindalco Industries, including detailed t...

Read More >
USDCAD Elliott Wave Analysis Reveals Bearish Trend: Key Wave Structures and Trading Strategies for Forex Market Participants

USDCAD Elliott Wave Analysis Reveals Bearish Trend: Key Wave Structures and Trading Strategies for Forex Market Participants

The USDCAD pair is exhibiting a strong bearish trend as per Elliott Wave analysis. The formation of ...

Read More >
Elliott Wave Technical Analysis and Stock Forecast for Dr Reddy's Laboratories: Key Insights and Price Targets

Elliott Wave Technical Analysis and Stock Forecast for Dr Reddy's Laboratories: Key Insights and Price Targets

Discover comprehensive Elliott Wave analysis and technical insights for Dr Reddy's Laboratories....

Read More >
Ethereum Price Forecast: ETHUSD Elliott Wave Technical Analysis Predicts Breakout to $3000 as Wave 3 Ends, Wave 5 Setup Begins

Ethereum Price Forecast: ETHUSD Elliott Wave Technical Analysis Predicts Breakout to $3000 as Wave 3 Ends, Wave 5 Setup Begins

Ethereum is approaching the end of Wave 3 in its Elliott Wave cycle. A consolidation is likely befor...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on