Monero Elliott Wave Analysis - 5th of a 5th?
A fellow steemer had requested a wave count on Monero, so I did some analysis and put this together.
It looks like Monero is currently working minor wave 4 of intermediate wave (5).
If this count holds true, we should see prices possibly continue lower in the short term to complete wave 4 and then make one last push to new highs to complete minor wave 5 of intermediate wave 5 and therefore complete the first primary wave for Monero.
If you have any thoughts or questions about this wave count or elliott wave in general, please post them in the comments.
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