XMR (MONERO): Analysis: Culmination of Pattern & Waves are Signaling a Bullish Breakout in Price!
SUMMARY
I believe a wider scoped perspective always prevents myopia. The breach occurred and thus far remains decisive. When drawing chart patterns, I do take liberty in cutting out or ignoring some price wicks as you can see, the tallest wick is not considered for the pattern or Elliott Wave counting.
One reason why triangles are quite common because it allows the price to become time pacman.
Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex. The September correction showed an upward pointing wedge as shown in below chart.
The future price pathway projection shows primary to be the blue Elliott Waves with a target of 2,254 Satoshi.
Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
