I think XMR has a bit more room to rise...perhaps mid to high $150s but no idea as to exactly when that top will be. Trying to pick the precise top and bottom ....there is no happinness to be found there. The MACD is overbought but not by that much, so a bit more room. I've updated the Elliott Waves and there are beautiful placements of waves i,ii,iii,iv and now working on wave v. These subwaves will make up wave 3 of 5. If prices were to do a wave 4 correction from current $138; the most likely level will be in the low $120s which is where prior wave iv resides.
As readers of my blogs also know, for me, wave v is a profit taking wave. So, i've cast my profit sell ladder and some rungs have already been triggered.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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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.
You are a genius my man!
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Hu-HAH! I knew we were still in wave 3, but the count just kept changing and changing until just a few minutes ago. Thank you for pointing out the sub-waves. What would signal multiple sub wave sets within a single wave? Or, other related question, do you know of a signal or pattern to watch that points to the possibility of sub wave sets? Especially without full corrections...
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thx for sharing
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You said your TA analysis is based upon charts and the Elliott wave theory. When it comes to XMR, the news of it offered on a Korean exchange Sunday evening make a big difference. And if so ,will not the price increase a lot for A few hours Sunday ?
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Perhaps. But, I've always also said that a reason or an event shall arrive to justify the EW forecast. This means TA begets fundamentals and not the reverse.
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Sorry for my grammar. I had Siri write the post. Seriously. Ha ha ha
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I always appreciate your thorough and quick response. Do not take this lightly. It makes you more have a wonderful person and I originally thought.
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