Crypto Of The Day: Monero
Monero has just broken the trend line from the September 20 peak in the one-hour chart.
(Chart courtesy of Tradingview.com)
We can see clear five waves (Elliott Waves) up and three waves down in the one-hour chart.
(Chart courtesy of Tradingview.com)
Looking at the two-hour chart, it looks probable that we are currently in the third wave (sub-wave iii). I am expecting Monero to take out the September 20 peak within days. You can find my longer term count here.
Disclosure: I am/we are long monero.
Thanks maarnio,
one hour chart clear impulse and correction, as you counted.
I'm currently not sure if in the bigger picture we will still see another low before bull market continues.
Note: Green 2 has to be moved to Blue C?
What do you think?
BR,
twinner
Here is my longer term count:
https://steemit.com/monero/@maarnio/cryptos-of-the-day-monero-shadow
But like you said. We will have to wait and see.
It is possible that your green 1 is not yet complete and we need one more push.
Your wave count looks better today.
Thank you for posting. It looks like Jeff Berwick of Dollar Vigilanti is keen for Monero.
Looks like they are.
https://steemit.com/money/@dollarvigilante/could-the-internet-be-set-to-be-shut-down-on-the-eve-of-jubilee-october-1st
"Monero (which we just mentioned two weeks ago to subscribers has since risen over 400%... in just two weeks!)."
Thank you for your reply. He has been pretty accurate regarding BTC, predicting in August of 2015 that it would be going up when it was at 223. Just amazing. The Yuan devalued soon after and each time it has devalued, BTC has gone up. Wait until China gets interested on a larger scale.
Have you looked at counterparty or factom?
Yes. I wrote about Factom two weeks ago:
https://steemit.com/factom/@maarnio/crypto-of-the-day-factom