SUMMARY
Monero (XMR) is about to get EATEN ALIVE by the JAWS of WEALTH!! Which chart below is that of Monero?
This is yet another very bullish chart pattern species prevalent across the altcoins. This with the symmetrical triangles and the cup & handles....their prevalence keeps me from believing that Bitcoin has topped. These chart patterns are all loaded and ready to jump UP! With such bullish setups in the Altcoins, I believe Bitcoin is undergoing a healthy correction.
Here is the Bullish Downward Pointing Symmetrical Triangle Pattern species:
And as you've seen before, the Cup & Handle species:
The below chart has the old markings where a target of $260 was posted:
This is the chart with updated waves with $342 target updated. Wave V would bring XMR to $342 or higher should there be a piercing of the upper line of the JAWS of WEALTH!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
XMR is always a good bet. If BTC becomes more and more a store of value the darknet markets need a new coin and this will be XMR.
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Monero will go to moon target $640
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Monero has my vote for growing and being a very important crypto long term!
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Can you update bitcoin cash please? I’m not sure on what wave is it
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i wanna see an update too
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I would say extended 5th.
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Guys there's something really cool going on RIGHT NOW
https://steemit.com/bitcoin/@wellwild/bitcoin-cash-50-in-24h-investment-of-the-month-to-go-more-100
It's not a spam, it's a gift and you can thank me later.
Since I wrote it it's another 15% up.
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Very interesting article.
It would be better to see these charts vs BTC than vs USD, as many of us buy alts with BTC. Can you show these wales prices in BTC? Upvoted.
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Is there any way predicting a time scale for this explosion?
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If monero goes up, how about its fork the sumokoin? What do you think this coin fate
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