BITFINEX:XMRUSD   Monero / U.S. Dollar
Long idea

After a sub-wave 2 correction that hit the 0.786 (195 USD) we could have started sub-wave 3 of the 5th wave.

Target 1 - 425 USD

Target 2 - 565 USD

If this does play out their will be some very nice shorts to be had at both targets, especially target 2.


Short idea

This bounce drops and sub-wave 2 could continue to retrace to nearly 100% of sub-wave 1

Target - 160 USD - however it could go lower and bounce of the support at 150 USD or even punch through it, so i'll keep my short open until I see a large bounce.
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