Monero (XMR/EUR) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Monero began a wave one advance on January 15. The wave one finished on March 17, and the wave two correction ended on March 27. The wave three advance finished on June 7, and the wave four correction ended on June 26. If this wave count is correct, Monero should be heading next towards the June 7 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Monero will takeout the June 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Monero will drop below the March 27 low".
If you think Monero is in a range, upvote this post and upvote the comment "Monero will stay in a trading range between the March 27 low and the June 7 peak until August 6".
You can upvote the comment until 3 PM EST July 7 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.