All signs point to the XMRBTC correction being over:
1. Notice the ABC wave correction.
2. Wave C is equal to Wave A which is a common length of a Wave C to Wave A.
3. Wave C retraced back 61.8% of the previous impulsive leg up.
4. The Wave C trendline was broken on Sept 7th at 03:00 UTC (23:00 EST on graph).
5. The Wave C trendline, after being broken, held as resistance at 12:00 UTC (08:00 EST on graph)
All of those signals point to the last move off the ATH as being a temporary correction and that we can expect another move higher. I would go LONG XMRBTC and place a stop at 0.0180. If when the next hourly RSI is rolling over and we have not significantly pushed past at least 0.0220 then I would be concerned that another pattern may be playing out instead of an immediate push to a new ATH.
1. Notice the ABC wave correction.
2. Wave C is equal to Wave A which is a common length of a Wave C to Wave A.
3. Wave C retraced back 61.8% of the previous impulsive leg up.
4. The Wave C trendline was broken on Sept 7th at 03:00 UTC (23:00 EST on graph).
5. The Wave C trendline, after being broken, held as resistance at 12:00 UTC (08:00 EST on graph)
All of those signals point to the last move off the ATH as being a temporary correction and that we can expect another move higher. I would go LONG XMRBTC and place a stop at 0.0180. If when the next hourly RSI is rolling over and we have not significantly pushed past at least 0.0220 then I would be concerned that another pattern may be playing out instead of an immediate push to a new ATH.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。