08Nov

Monero/ U.S. dollar(XMRUSD) Elliott Wave Technical Analysis 8 November 23

Elliott Wave Analysis TradingLounge Daily Chart,  8 November 23, 

Monero/ U.S. dollar(XMRUSD)

XMRUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Correvtive

Structure: Triangle

Position: Wave E

Direction Next higher Degrees: Wave (B) of Zigzag

Wave Cancel invalid Level: 138.262

Details:  Wave E may end and the price five-wave Increase in Wave (C) of Zigzag.

Monero/ U.S. dollar(XMRUSD) Trading Strategy: XRM recovered well from the 138.262 level, where the price structure can be divided into five waves in a diagonal pattern that points us to an uptrend forming. And currently the price is likely to enter a correction period. To give us another opportunity to join the trend. Waiting for the base adjustment to be completed.

Monero/ U.S. dollar(XMRUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

XMRUSD-Crypto-Day-Ch...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 8  November 23,  

Monero/ U.S. dollar(XMRUSD)

XMRUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: ……

Position: Wave ((2))

Direction Next higher Degrees: Wave ((2)) of Impulse  

Wave Cancel invalid Level: 138.262

Details:  Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Monero/ U.S. dollar(XMRUSD)Trading Strategy: XRM recovered well from the 138.262 level, where the price structure can be divided into five waves in a diagonal pattern that points us to an uptrend forming. And currently the price is likely to enter a correction period. To give us another opportunity to join the trend. Waiting for the base adjustment to be completed.

Monero/ U.S. dollar(XMRUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

XMRUSD-Crypto-4Hr-Ch...

Related

IBEX 35 (Spain) Index Elliott Wave Technical Analysis: IBEX 35 Trading and Investment Strategies with Our Detailed Analysis

IBEX 35 (Spain) Index Elliott Wave Technical Analysis: IBEX 35 Trading and Investment Strategies with Our Detailed Analysis

Unlock valuable insights into IBEX 35 trading and investment strategies with our detailed analysis. ...

Read More >
Polkadot/U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 15 December 23

Polkadot/U.S. dollar(DOTUSD) Elliott Wave Technical Analysis 15 December 23

Polkadot Crypto Analysis of the day Polkadot and U.S. dollar(DOTUSD) Elliott Wave Technical Analysis...

Read More >
Outlines the Future market movements with KOSPI Composite Index Elliott Wave Technical Analysis

Outlines the Future market movements with KOSPI Composite Index Elliott Wave Technical Analysis

This article provides an in-depth Elliott Wave analysis of the KOSPI Composite Index, covering both ...

Read More >
Mastering Steel Stock Trends: Elliott Wave Technical  Analysis for Smarter Trading Decisions

Mastering Steel Stock Trends: Elliott Wave Technical Analysis for Smarter Trading Decisions

Discover comprehensive insights into steel stock movements using Elliott Wave analysis. This analysi...

Read More >
Super Micro Computers Inc. (SMCI) Stocks Elliott Wave Technical Analysis: Stock Chart Trends, and Possible Breakouts

Super Micro Computers Inc. (SMCI) Stocks Elliott Wave Technical Analysis: Stock Chart Trends, and Possible Breakouts

This article provides a comprehensive Elliott Wave analysis of SuperMicro Computers Inc. (SMCI). It ...

Read More >
Stocks Bullish Trend: AAPL, AMZN, NVDA, TSLA, GOOGL, META, NFLX, MSFT, Elliott Wave Analysis

Stocks Bullish Trend: AAPL, AMZN, NVDA, TSLA, GOOGL, META, NFLX, MSFT, Elliott Wave Analysis

Explore the latest Commodities Market Technical Analysis, focusing on Bitcoin's potential ascent...

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