Long
A Clear Count for Monero!! Potential Upside Long TERM BULLISH
This is my Elliot wave count for Monero. Where i believe we have put in a bottom at 24$ on MARCH 2020 and we are currently in a wave 5 which may continue for some time. There is a 4.236 fib extension of wave 1 to wave 3 which gives validity to the impulsive count. Key resistance level at 98$ in which we are consolidating below in what seems to be a bullish ascending triangle. Current price since ATH at 550$ is adhering to a schiff pitchfork perfectly as can be seen whereby upper median line is respected as well as median line and 1.5 line which we hit recently at 104$.
Look for break above 98$ and also break of 1.5 line of schiff pitchfork.
Targets: 120$, 140$ upper warning line
Look for break above 98$ and also break of 1.5 line of schiff pitchfork.
Targets: 120$, 140$ upper warning line
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