WyckoffMode

$63.25 to $66.45 May be the Peak of This Simple Rally

WyckoffMode Updated   
POLONIEX:XMRUSDT   Monero / Tether USD
XMRUSDT also appears to potentially be I an ascending channel pattern similar to ADAUSDT and LTCUSDT.

Comment:
You'll note where I have Phase C and D in this chart implies we find bottom of "support" in late May and we see a "Sign of Strength" with an "Up Thrust" in June. I'm aligning this TA with what I'm seeing in BTCUSD Analysis of a potential Wyckoff Spring occurring in May/June instead of August/September.
Comment:
Support may end up being around $49.25 but we'll see. My TA could be totally wrong and we continue climbing. But if we do end up turning back down from $63.25 or $66.45, "support" may likely be around $49.25.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.