XMRUSD Looking Good. If you're looking to go long on an alt...
...coin, Monero (XMR) would be a good choice about now. Of course, 0.618 would have been the best time but it's still not too late. We are still very much in the process of building the handle on the cup; similar to DASHUSD. Only, XMRUSD is lagging behind DASHUSD, in terms of where they are located in their respective cycles towards the next spring and/or upthrust that's completed with a Consolidation and answered by a Mark Up where the process of accumulation begins once again to the next cyclic spring and/or up thrust.
Copy of the chart with all FIB numbers included. That would be the FIB RT back down to 0.618 on our CURRENT conslidation event. Also included are the FIB Speed Resistance Fans (FIB SRF) with their 0.618's lined up at the bottom of their respective consolidation events. It's important to try to have all 0.618's as possible lined up on the FIB SRF's. Which see...
Enjoy,
David
I will also post a 6h and a 2h for those curious about what's going on in the trenches.
6h TF:
2h TF:
2h TF CLOSE UP:
Copy of the chart with all FIB numbers included. That would be the FIB RT back down to 0.618 on our CURRENT conslidation event. Also included are the FIB Speed Resistance Fans (FIB SRF) with their 0.618's lined up at the bottom of their respective consolidation events. It's important to try to have all 0.618's as possible lined up on the FIB SRF's. Which see...
Enjoy,
David
I will also post a 6h and a 2h for those curious about what's going on in the trenches.
6h TF:
2h TF:
2h TF CLOSE UP:
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PULLED BACK VIEW (PBV) on the Daily to allow you to see where we are going,
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And threw a 4h closeup in here to add to all the edits above with those charts..
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This is the 8th and final post of an update for XMRUSD for a little while. Maybe another 6 hours from now.
I will post an Heikin-Ashi (HA) Candle chart in 6h TF after this one.
The 6h HA Candle TF:
I will post an Heikin-Ashi (HA) Candle chart in 6h TF after this one.
The 6h HA Candle TF:
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Made the BB Hybrid more visible, as well as it's baseline that is now aqua blue in color:
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6h Update:
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Minor Adjustments near the top:
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A longer look at the big picture with the arrows i drew in the previous included:
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Up Date: see how this plays out...
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FIB Speed Resistance Arc Added:
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NOW the are lined up properly: 0.618 on the FIB Speed Resistance Arc
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The end of the royal blue color near the tip of my aqua colored arrow marks the approximate location of the next major FIB Consolidation Event...
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May only be the beginning of it... Meaning, it will get quite high rather quickly just towards the end and go who knows where...
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