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CryptoFama
Mar 4, 2018 1:21 PM

XMR look at the next Elliot Wave cycle. Long

Monero / BitcoinBitfinex

Description

Accumulation and low volume Sunday trading, expect increased volatility on Monday am.

Smart money on the move up, MACD flagging a buy opportunity at 0.031000 and Moving Averages all good for a buy too.

Other indicators are more bearish to a retrace.

I favour the probability of a rise in XMR (in a rational market), but be wary of a 0.618 Fib retrace on last sub cycle.


0.032800 possible target for next wave
0.027000 possible retrace to support line


Not advice - do your own research.

Comment

Well it went the higher road then :-)
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