RSI coming into line for start of 3rd wave. Still a small drop to come followed by a good run up.
See graph for details, waves plotted, fib retrace and extensions.
Held back with drop in BTC which is a normal cyclical prime wave retrace to 9.5k
Not financial advice
DYOR
Accumulation and low volume Sunday trading, expect increased volatility on Monday am.
Smart money on the move up, MACD flagging a buy opportunity at 0.031000 and Moving Averages all good for a buy too.
Other indicators are more bearish to a retrace.
I favour the probability of a rise in XMR (in a rational market), but be wary of a 0.618 Fib retrace on last sub...
This is a Continuation of my earlier projection which was bang on the money.
2nd wave commencing, targeting measured 1:1 up to 0.00000560 for (2)-(3) then a 30% chance for it to hit a .618 Fib retracement on (3)-(4) and then 0.00000610 for (4)-(5) with a 15% chance of that target on a fib extension.
So far so good but with little or no data - this is a lean...
Hyped to death, who knows whether this will capture any serious interest over coming weeks and months.
Not financial advice - please do your own research.
Basic Fib Extension and Retracement projection.
If first target wave (1) is achieved, the (2) - (3) retracement may be reduced to 0.5, adjust all targets upwards.
Assuming the Elliot Wave doesn't fail.
Assuming that the price doesn't fall below the 10621 support.
See notes on graph
This is not financial advise, do your own research.
