That took a bit longer time than expected to write an update on XMR.
We are, however, in a perfect position to write this update.
Just look at the chart:The author doesn’t like that the wave (ii) was so long where the wave (iv) is so short. But that is the only concern. The rest of the patter is a pretty nice 5 waves move. As we are now in the typical retracement zone, the chances are high that the trend up will continue soon.
As for ETH.. There were so many great news and product presentations here in Shanghai during the DevCon2 (and also during the Blockchain Week thereafter) so that the author is a bit influenced by this flow of information.
Normally, as you know, we do pay attention to the Elliott Waves and sentiment only. And the sentiment actually is pretty neutral or, let’s say, far from the level “we are going to the moon”. So, let us in the next update dive deeper into the ETH again.
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