SUMMARY
It's clear that Monero (XMR) has breached the upper white line of the symmetrical triangle. The Elliott Labels show a WXYXZ complex combination and the final Z is subdivided into abc with the c wave further sublabled with red i,ii,iii,iv,v waves. The bull wick is quite prminent but still, the key question is if a correction will bring price down to touch the upper white line as support.
A higher resolution view shows an abc as being likely and that wave c should sit on the upper white line as support. IF this is correct, the support needs to hold and not be breached downward. Temporary piercing would be acceptable as long as price rises back above. As the first full set of five waves are complete; the correction now needs to complete. Let's see how the overnight price action carries on.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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@josteem
I have found a Bitcoin BULLISH Continuation Pattern forming! https://steemit.com/bitcoin/@investingtips/bullish-confirmation-pattern-bitcoin-back-to-usd10k-already
Vote and resteemit done dear..
Me too for you.
@josteem
no creo ya que llegue a la linea blanca ya que eso se manipula es por la aceptación de las personas y mientras mas publica se haga la noticia mas gente buscara maneras de meter su mano es eso y se disparara
I do not believe that I get to the white line since that is manipulated by the acceptance of people and the more you publish the news, the more people will look for ways to put your hand in it and it will shoot
Upvoted and Resteemed by @cryptoryno33
we hope that the market stabilizes and no longer follows as a rise and fall
Upvoted and Resteemed done
ALL HAEJIN CARES ABOUT IS TAKING YA MONEY AND BUYING STEEM LOOK AT HIS WALLET
lets hodl
Monero is a sicky coin. Quick, cheap transactions, fungibility, scalability... and is the leader of the privacy sector in a major bull cryptocurrency market.
Untraceable and annonimity make from this coin a real winner in the long run. Privacy issues are not so important now but will be in the near future. Fill me bags off Monero please!
if you want something blockchain inspired that has actually a usecase check out:
HOLOCHAIN
https://steemit.com/cryptocurreny/@philander5up/3ny4s6ot