Potential Elliot Wave XMRUSD. Wave 1 not complete yet. Top of Wave 1 based off of previous support/resistance.
Comment:
61.8 of Wave 1 = 91.66 (Placed Limit Buy order). If order fills plan to sell between 105 - 110. $110 looks like the top of Wave 3. Wave 1 could continue if it does not meat the 50.0 - 61.8 retracement.
Trade active:
Had to adjust the retracment due to the first wave having more momentum. 61.8 levels reached of wave 2. Look for wave 3 to be between 110 - 114.
Comment:
Disregard the last screenshot wrong chart :)
Comment:
Comment:
Looks like it could be breaking a pennant to continue with wave 3. $103 is the true test as this is precious resistance. Running very tight.