$63.25 to $66.45 May be the Peak of This Simple Rally

POLONIEX:XMRUSDT3D

Monero / Tether USDPoloniex

Description

⋅ Apr 1, 2019 9:36 PM

XMRUSDT also appears to potentially be I an ascending channel pattern similar to ADAUSDT and LTCUSDT.

Comment

⋅ Apr 1, 2019 9:41 PM

You'll note where I have Phase C and D in this chart implies we find bottom of "support" in late May and we see a "Sign of Strength" with an "Up Thrust" in June. I'm aligning this TA with what I'm seeing in BTCUSD Analysis of a potential Wyckoff Spring occurring in May/June instead of August/September.

Comment

⋅ Apr 1, 2019 9:58 PM

Support may end up being around $49.25 but we'll see. My TA could be totally wrong and we continue climbing. But if we do end up turning back down from $63.25 or $66.45, "support" may likely be around $49.25.

Comments

W3rN0tAl0n3

⋅ Apr 1, 2019 10:04 PM

Boy, I REALLY hope the "Wyckoff spring" happens as we are expecting.....I will be devastated if it simply bypasses it, that will be unfortunate....

WyckoffMode

⋅ Apr 1, 2019 11:01 PM

@jeremy.jacques79,

Could be a late bloomer as this time and not begin shooting up until mid to late June instead of mid May to early June.

W3rN0tAl0n3

⋅ Apr 1, 2019 9:44 PM

You think it's going hit those December highs? I'm thinkin' she may be out of steam here, however that may just be the pessimist in me, ;-).

WyckoffMode

⋅ Apr 1, 2019 11:00 PM

@jeremy.jacques79,

It will likely go higher than the $112.00 I have shown in December. Could go as high as $150 or $160 then come back down to $100 for new "support."

W3rN0tAl0n3

⋅ Apr 2, 2019 6:37 PM

@ProwdClown, I didn't see that you had responded bud- when do you see XMR hitting $100+, not this rally here do you? That would double it's current price. I'm thinking personally that BTC will have a short pullback to previous resistance before re-igniting- perhaps we get our "Wyckoff Spring" here in the coming month(s) as you have been speaking about, that's what I'm banking on!