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Monero (XMR) is Contouring a Pattern Morph by haejin

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monero · @haejin ·
$166.44
Monero (XMR) is Contouring a Pattern Morph
<center>![](https://steemitimages.com/DQmf5i45SGJccjYLWdc8q8KNzXgL2mfG6f2z1jc7U9xpQnn/image.png)</center>
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**SUMMARY**

Monero (XMR) is has two sequential downward wedges and the second one is likely morphing into a rounded price formation. This would extend the timelength of the correction. Regardless, have sequential bullish patterns make it that much more bullish. 
![](https://steemitimages.com/DQmbDNDZ8XW2ajAYjjmfFEFTZjc5Gmxs5z6XE5NLtcrBRgq/image.png)

When drawing out the contours of the current price action, the rounded price formation is shown in blue in chart below. The basin phase is likely to be next but I believe price should rally into the June/July timeframe. MACD is showing that a breakout could still provide a sizable bounce.
![](https://steemitimages.com/DQmRSNmNidtq2czNiwToqyyjwVY2ief1zkBve49zQqAmghX/image.png)


**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
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vote details (334)
@cryptocrypto18 · 
Any chance of XVG update? Thank you
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@devana · 
You must wait befor  invest
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@maksreb · 
Now it is difficult to predict where the course will go! I would not risk, not the best time now
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@mdhamim4002 · 
i don't understand cryptocurrency.but  you can help me
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@okbuddy ·
$0.02
It's interesting to see several coins start to pattern out in a bowl shape. I have nothing but time, so when the second wall forms, whenever that may be, I'll pour my cereal into the bowl and eat it up. Appreciate the analysis.
👍  
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vote details (1)
@richard77 · 
I like this bitcoin crypot
Thanks for sharing blockchain
I appreciate your cryptocurrency news
👍  
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vote details (1)
@rollandthomas · 
If the daily demand can hold and if price can get above $190, it has a shot of moving much higher. 

![](https://steemitimages.com/DQmTfqSBn5n3fKgdwruwUzJcNwUaQw4T6etXXJDWJJ4sqzv/image.png)
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