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

NEO Crypto Price News Today Elliott Wave Technical Analysis of NEO/USD: Comprehensive Trading Insights

NEO Crypto Price News Today Elliott Wave Technical Analysis of NEO/USD: Comprehensive Trading Insights

This article provides a detailed Elliott Wave analysis of NEO against the U.S. dollar (NEOUSD), offe...

Read More >
S&P/TSX 60 Elliott Wave Technical  Analysis: Market Trends, Corrective Wave Structure, Stock Forecast, Trading Strategy

S&P/TSX 60 Elliott Wave Technical Analysis: Market Trends, Corrective Wave Structure, Stock Forecast, Trading Strategy

Elliott Wave Analysis of the S&P/TSX 60 index, covering key aspects such as counter-trend movements,...

Read More >
BNBUSD Price Prediction Using Elliott Wave Analysis: Binance Coin's Market Movements and Capitalize on Bullish Trends

BNBUSD Price Prediction Using Elliott Wave Analysis: Binance Coin's Market Movements and Capitalize on Bullish Trends

Discover the most up-to-date BNBUSD price prediction using Elliott Wave analysis. This detailed anal...

Read More >
COLES GROUP LIMITED (ASX:COL) Elliott Wave Analysis, Stock Forecast, and Investment Strategy for Informed Trading Decisions

COLES GROUP LIMITED (ASX:COL) Elliott Wave Analysis, Stock Forecast, and Investment Strategy for Informed Trading Decisions

COLES GROUP LIMITED (ASX:COL) Elliott Wave technical analysis offers valuable insights into stock tr...

Read More >
Maruti Suzuki Stock Analysis: Elliott Wave Trends, Daily and 4H Chart Patterns, Resistance Levels, and Price Movement Insights

Maruti Suzuki Stock Analysis: Elliott Wave Trends, Daily and 4H Chart Patterns, Resistance Levels, and Price Movement Insights

Maruti Suzuki's stock is currently showing potential trend reversals and price movements based o...

Read More >
Walmart Inc. (WMT) Elliott Wave Technical Analysis: Stock Price Prediction, Trend Forecast, and Market Insights for Investors

Walmart Inc. (WMT) Elliott Wave Technical Analysis: Stock Price Prediction, Trend Forecast, and Market Insights for Investors

Elliott Wave analysis of Walmart Inc. (WMT), covering both daily and 1-hour charts. The analysis hig...

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