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
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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
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XMRUSD still above 145.51 but 4h setup is out. New count needed.
cannot send PM as too fresh lol (not enough reputation). Thank you guys who liked the idea. Will update those ideas and post other charts here. Check my work at patreon.com/thetraderscorner. Appreciate it. Cheers. Stephane