Monero (XMR) Best Time to Buy is at End of C wave correction! Target $260

SUMMARY

Monero (XMR) couldn't have a better buy time than now. Why? The most ideal time to buy is at the terminal end of an a,b,c correction. The below chart shows that's exactly the situation. Monero placed a beautiful impulse set of waves as shown by white circled 1,2,3,4,5. Elliott Waves states that after five wvaes, there is a requisite three wave retracement.

Note how white wave 5 is the longest. I call this the extended fifth personality trait of altcoins. When the fifth wave is extended, it bodes a very deep retracement of the prior rise. And that's pretty much what's occurring. So, when you see you are at the top end of a finishing extended fifth wave, it's best to sell profit and stand aside and watch the retracement show.

So, XMR has a bit more correction likely. It should touch the lower support line and perhaps even pierce it. The uninformed, those who shoot from teh hips or purely go by gut feeling will panic, should the support line be breached. A seasoned Technical Analyst would get excited and buy more as this would be a bullish wick and is used to wash out the weak hands. Target remains $260. Please watch video for lots more details.

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BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66

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.**