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Monero (XMRUSD) Elliott Wave Technical Analysis 20 October 2022


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Monero (XMRUSD)

XMRUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave C

Direction Next higher Degrees: Wave (2) of Motive

Details: The price is still on a short-term downtrend. There is an opportunity to trade

below 134.00 but must not pullback above 152.597

Wave Cancel invalid Level: 150.756

Monero (XMRUSD) Trading Strategy: The price tends to move sideways to form a triangle.

Trading during this period may have to wait for the triangle pattern to complete for an

opportunity to open a short-term Short on wave A.

Monero (XMRUSD) Technical Indicators: The price is below the MA200, and

MASO line. momentum is Bearish.

Tradingelounge analyst : Kittiampon Somboonsod

 

842704529_XMRDay.thumb.png.e573a8782f8064da6ecf5b87ac85100e.png

 

 

 

Monero (XMRUSD)

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave C

Direction Next higher Degrees: Wave (2) of Motive

Details: The price is still on a short-term downtrend. There is an opportunity to trade

below 134.00 but must not pullback above 152.597

Wave Cancel invalid Level: 150.756

Monero (XMRUSD) Trading Strategy: The price tends to move sideways to form a

triangle.Trading during this period may have to wait for the triangle pattern to

complete for an

opportunity to open a short-term Short on wave A.

Monero (XMRUSD) Technical Indicators: The price is below the MA200, and

MASO line. momentum is Bearish.

844416120_XMRh4.thumb.png.b7fc3385bd1498f3124b83f1b5a741fb.png

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