Every week, for one particular altcoin, in addition to the chart that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 15/04/2018-21/04/2018, I propose XMRUSD
XMRUSD 1H EUROPE UPDATE - 19/04/2018
Monero is struggling in the final phase. 215.99 is a soft support and price can go lower from current level without changing the view. As long as the cycle is alive, I expect a new high.
I would not chase here and I don't like to sell either green 3. Cycle in 4h is already mature in a corrective 3 waves structure that already reached equal leg area.
So ideally, green 3 would be above 261.84 to give conviction for a motive 5 waves from the 159.97 low.
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 15/04/2018-21/04/2018, I propose XMRUSD
XMRUSD 1H EUROPE UPDATE - 19/04/2018
Monero is struggling in the final phase. 215.99 is a soft support and price can go lower from current level without changing the view. As long as the cycle is alive, I expect a new high.
I would not chase here and I don't like to sell either green 3. Cycle in 4h is already mature in a corrective 3 waves structure that already reached equal leg area.
So ideally, green 3 would be above 261.84 to give conviction for a motive 5 waves from the 159.97 low.
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
