Long
XMR trade
I'm pretty sure that if there are no clearing red bars around the white 800MA , the green 200 will cross over the ORANGE 3200 MA on the 1 hr
so about 187$ or so or higher is my target
This applies like virtually market wide - XMR C waves are super direct nowadays and will more or less glide diagonally to that fib range
My lower target still stands, I think the Z wave is not done on a larger wave degree, which is unfortunately sub 50$ with the rest of market movement
so about 187$ or so or higher is my target
This applies like virtually market wide - XMR C waves are super direct nowadays and will more or less glide diagonally to that fib range
My lower target still stands, I think the Z wave is not done on a larger wave degree, which is unfortunately sub 50$ with the rest of market movement
Note
with the prices on chart
Note
Note
While we are in a subwave of C wave to wherever, we are inside of a "Z" wave or C wave however you label waves, so there will be downsideclosing a actual trade after/around the 200 (or close to 3200 on higher tf) is never a bad decision
Note
110% of the above 1.618 range is also a valid sell point (294$)Note
trade to the 1.61 is around 3.8:1Note
The build up can always develop into something longer!
For now it will float around this price average
Note
Y/Z may also not be done yet, which is why i point out this as an X in the main interactive chart
Note
Around September 12th, we will begin to be within the 200 MA average cut off for what was a down trend, so as we lose the previous red bars, it will begin to average with the X wave that sent it through the 800 and 200 on the daily tf
Alot of these measurements just happen to line up with previous adjustments and placements... Look into Fibonacci in relation to time not just up and down price action
Note
Looking for a break of the orange circle level to confirm more downside, but we will revisit a local high
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.