The near-term view is suggesting that the bigger correction against all-time low unfolded as a double three structure where wave w ended at $36.28 low, wave x bounce ended at $132.41 high. While wave y ended at $24.75 low and with that the correction against all-time lows ended in wave (II) pullback. Near-term, while dips remain above $24.75 low expect Monero to extend higher.
Monero XMRUSD 4 Hour Elliott Wave Chart 5.17.2020
