I have not studied this extensively, I'm just drawing lines on a chart. DYOR
XMR is a decentralized cryptocurrency. It uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading monero, transaction amounts, address balances, or transaction histories. ABC down after 5 wave impulse.
All the Lunatics thought this was going to $1,000. LULZ
w00f I expect that gap to fill, however I believe price will stay in that top band for a long long time.
Points of Confluence 1. price is ranging within the downward channel 2. support found around .23 and .38 fibs .5 acting as resistance 3. potential (speculation) H&S 4. price imbalance is "filling" I expect price to react with the thick black trend line as such: _eventually_ break up and out of the triangle come back down and re-test that range (the...
I think XLE price will experience resistance around $83/85. It's possible price will keep climbing to $126. But I think it's more likely that Energy takes a breather, allows Tech stocks to regain some ground, while energy winds up for a final leg up.
This could be a path to make the perma-bulls happy. I'd be happy with it too, frankly. This is for entertainment purposes only.
Let's see if the Elliott Count on the TF will be followed by an ABC.
calculated using fib, imbalances, price action and BB ranges. I'm have a hunch that price will blow past resistance, however we could see several days of resistance, tests, and re-tests at that level before SPY ultimately decides which direction it's going.
I am neither Long nor Short at the moment, These ghost bars were pulled from the past, and applied to the future to construct this scenario. Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries, says Wikipedia.
According to their website: We are the world’s most decentralized, scalable, and secure blockchain infrastructure. From decentralized finance to generative NFT art (and everything in between), our sustainable blockchain is powering economic models of the future.
We will have to wait and see
Have a look at how price action plays against these indicators.
This is just an idea using the bars pattern. I plan to check back in on this idea in 5 years. .
Time Wonderland should do good things this year, price action wise anyway, I'm not sure how fully developed the "metaverse" will become this year.... any more that it is already anyway.
Publishing because I want to keep an eye on how the price reacts to the upper threshold of this triangle.
This looks beautiful This looks beautiful This looks beautiful