Monero (XMR): Three Times the Charm

SUMMARY

Monero (XMR) has risen recently, just like all of Cryptosphere. However, the current correction is already shaping out to be a downward wedge. Looking at the preponderance of past fractals, it's not a surprise. I believe the current minor correction should pattern out a much smaller wedge (white) from which a breakout would resume the uptrend.

The overarching pattern is shown below with the purple lines. Check out the huge symmetrical triangle within which are embedded the ABCDE (blue) waves. Now, this really represents how an Altcoin corrects. It uses a scheme of patterns that allows the correction to be taken slowly and as long as possible! The declining volume is also supportive so that when blue E completes, the breakout in both price and volume should be a sight to behold.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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I read your analysis and I am still waiting your new analysis for DogeCoin. I love DC very much and it wiill be the next potential coin in the world I think.

Thanks for your current lost @haejin.

Keel steem On.
Regards

DASH and ZEC are in similar positions. All the privacy coins have struggled since Japan banned them.

@haejin have you been seeing a lot of larger degree trends patterning out like this across the entire cryptosphere? It seems to jive well with your July popcorn symphony timeframe. I've been trying to discern how you came to that rough timeline estimate.

No one can deny this analysis: there is a major symmetrical triangle suggesting continuation pattern in the bullish move and... in the shorter term, we're about to breakout the descending pennant.
However we need a serious spike on volume to see where is headed.

Hey m8 can I get some of that money?

Your analysis are usually apt and there is proof of authenticity

I installed a Wordpress plug in that mines Monero via Coinhive. I removed it. And, now I feel like I can be better assisting the blockchain. I'm interested in mining via my websites. But, don't have a lot of experience in the process. What systems mine for Monero and do you know any DTubers with some start up tips and tricks?