SUMMARY

For Monero (XMR/USD); the pattern seems pretty uncanny; a symmetrical triangle that needs a resolution. In which direction do you think that might be, given the below chart? Do you see the ABCDE label potentials?

The ABCDE consolidation waves could be in and finished as shown in the below chart. The blue arrow direction would adhere to the five wave set; however there is also the scenario of a dip towards the lower trend line as depicted by the white arrow line. Regardless, these speak of two pathways but same destination....UP!

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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