ew-forecast

Monero Can Rise Another 20%

BITFINEX:XMRUSD   Monero / U.S. Dollar
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Monero is in impulsive uptrend that is likely going to continue as current price action from the highs looks like a corrective pause on the way up. Ideally that's a wave four so fifth wave could possibly go even to 120. The first support for wave four has already been touched, but there is still a chance that correction will be more complex. In that case 80.00 is the next support, and even if touched the structure remains valid as long as market trades above 68.00.
Comment: As expected, Monero made a nice bounce from lower support zone and it's now already in wave 5 that can be made by another five-wave cycle towards 2019 highs.

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good work
+1 Reply
ew-forecast john_stuart
@john_stuart, Thank you!
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