SUMMARY
Monero (XMR) is about to get EATEN ALIVE by the JAWS of WEALTH!! Which chart below is that of Monero?
This is yet another very bullish chart pattern species prevalent across the altcoins. This with the symmetrical triangles and the cup & handles....their prevalence keeps me from believing that Bitcoin has topped. These chart patterns are all loaded and ready to jump UP! With such bullish setups in the Altcoins, I believe Bitcoin is undergoing a healthy correction.
Here is the Bullish Downward Pointing Symmetrical Triangle Pattern species:
And as you've seen before, the Cup & Handle species:
The below chart has the old markings where a target of $260 was posted:
This is the chart with updated waves with $342 target updated. Wave V would bring XMR to $342 or higher should there be a piercing of the upper line of the JAWS of WEALTH!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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Legal Mumbo Jumbo: 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.**