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 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 

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