XMR/USD - End of Oct. Graph is it bullish or bearish?

XMR/USD - Binance

For this graph, We use Elliott Impulse Wave (123450 with eclipse and TRENDLINE tools on MacD below.

On this graph, we saw a possible uptrend/bullish rather bearish .

Verdict:

We open risk, Good buy at $53.3

Stop loss at $52.2 TO $52 as long BTC won't go below 8k. It's good to buy

First target $55 - $56 - $60

I put eclipse tools for wave 5 as you can see it's a great way to buy.

If the price goes below the red mark it will continue to bearish .


Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)

Disclaimer: This is for educational purposes,it is not intended as a financial advice.

The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.


#Trend Analysis

#Chart Patterns

#Wave Analysis

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Thanks a lot!


Treat me some on this eth: 0xbe761779A9063BE8f9856424CD12d58bB8E25E06

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