Monero has ended the cycle from 145.51 low at 382.51 in a 3 waves up and has corrected since then. I propose this correction over at 236.91 and as long as above this level, we should see more strength in XMRUSD in coning weeks. First level of interest comes at 301.85-338.45 at equal leg area from 11/03/2018 low. Failure to hold 236.91 from current level would see a probable retest of 145.51. If this level breaks also, we would have a daily bearish sequence and momero would be in much trouble.
Komen:
The break of 236.91 makes the cycle from 382.51 a 5 waves motive wave. So the proposed count is not valid. However, The bullish view is still alive, therefore, I will update the chart with cycle from 06/02/2018 low ended at 17/02/2018 (purple 1) and a irregular FLAT from there - with overshoot at 382.51. I don't like to buy FLAT because they can extend but we are in the zone. Look at 1h chart would give clues on the last leg down.
Dagangan ditutup: hentian tercapai:
XMRUSD still above 145.51 but 4h setup is out. New count needed.