Monero has completed a bullish BAT at 88.6 which also happens to be weekly S2. In this case I am using the smaller BAT to trade the CD leg of two Gartley patterns (one smaller one larger).
R:R on the smaller Gartley (trading the C D leg) is around 8:1 and for the bigger Gartley (trading the C D Leg) is almost 14:1
Lets see how things play out.
It seems C has finally formed on Monero. If this is correct then we are looking at getting in to take advantage of price moving up to D (78.6%) which will complete the Gartley pattern.
I have been long for some time (was painful 3 weeks watching price go lower / side ways) but we have some really positive price action now including today BIG green bar.
In this video we are trying to answer the question of why after a very stong move up (circa 165%) Monero is having a pull back. From what i see in the charts a B seems to be forming of a Gartley pattern at 61.8 fib level. If this is the case we will get a C in the region of 23.6 fib level before a move up to D at 78.6.
This is still very early so I'll update as...