XMRUSD
remains bullish as we expected and projected in previous update (Check Related Idea). So, Monero hit new all-time highs and seems like it's not going to stop yet! We expect further rally towards 170 and 190 levels for wave ("III"), where bulls could slow down into correction of wave ("IV"). So we assume that 5-five-wave rally since September 15th could reach level of 200 in coming days/weeks.
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Monero hit 173 level! Any bounce will be just short-term correction within uptrend!
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Monero close to 190! Be aware of a deeper pullback here back to around 155 level support and 38,2% Fibo. retracement for wave (IV).
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Monero found support at 150 for wave (IV), close to our projected support around 38,2% Fibo. retracement! So Monero remains bullish now for wave (V) towards 250 level.
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Monero hit 250 and break above towards 290 level, so perfectly played out! It's so impulsive now that we could see even higher levels after deeper pullback.
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This is how we see Monero. Currently in wave (IV), which may get more complex; flat correction or triangle, but ideal support is around 200, so we may see sooner or later new highs towards 350 level.
