XMRUSD Elliott Wave Technical Analysis 16 January 2023
4 Hour
Monero/ U.S.dollar(XMRUSD)
XMRUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Direction Next higher Degrees: Wave 3 of Motive
Details: Wave(3) is always 1.618 x Wave(1) length.
Wave Cancel invalid Level: 116
Monero/ U.S.dollar(XMRUSD) Trading Strategy: Monero recovered well from the 116.07 level and could break the MA200 as a signal of weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a tendency towards the price target at the level of 185.460 or higher
Monero/ U.S.dollar(XMRUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish
Daily
Monero/ U.S.dollar(XMRUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (V) of Motive
Details: wave III is usually the same length as 1.618 x Wave I
Wave Cancel invalid Level: 1073
Monero/U.S. dollar (XMRUSD) Trading Strategy: Monero recovered well from the 116.07 level and could break the MA200 as a signal of weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a tendency towards the price target at the level of 241.271.
Monero/U.S. dollar (XMRUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish
