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P_S_trade
Nov 23, 2018 10:26 PM

XMR. Possible turnaround from $ 50-57 Long

Monero / Tether USDPoloniex

Description

After a long correction that lasts a year, I think that the time has come for changing the trend. There are several facts that speak about it
1. The price is approaching the first liquid zone of this coin. This is visible in horizontal volumes. Also, if you take a detailed look at the history of this coin, it is clear that just after consolidation in this area on August 19, 2017, the growth began to $ 470 and significantly increased volumes:

Also, note which rebound was when the price dropped into the price zone of $ 85-95. From this price zone, a rollback of 60% began. This price zone is much weaker than $ 50-57:

2. In my wave analysis it turns out that in the price zone 50-57 $ the global wave C, which is equal to wave A, ends.

Wave C consists of 5 waves in which the proportions and wave (v) = waves (iii) * (0.382):

From this price zone, the first goal of $ 89 is the ultimate goal of this $ 150 idea.
When the price approaches the critical price zone, I will put an idea on a shorter timeframe for the probability of working out this scenario.
Comments
You23
love it please update
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