SUMMARY
It's clear that Monero (XMR) has breached the upper white line of the symmetrical triangle. The Elliott Labels show a WXYXZ complex combination and the final Z is subdivided into abc with the c wave further sublabled with red i,ii,iii,iv,v waves. The bull wick is quite prminent but still, the key question is if a correction will bring price down to touch the upper white line as support.
A higher resolution view shows an abc as being likely and that wave c should sit on the upper white line as support. IF this is correct, the support needs to hold and not be breached downward. Temporary piercing would be acceptable as long as price rises back above. As the first full set of five waves are complete; the correction now needs to complete. Let's see how the overnight price action carries on.
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