Monero Classic (HitBTC: XMCUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, XMC began a wave one leading diagonal advance on September 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 26, and the red wave two (blue sub-waves a-b-c) correction ended on November 25. If this wave count is correct, XMC should be heading next towards the October 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Monero-Classic is Monero original chain retained after Monero team initiated hard fork at block height 1546000 to be anti-ASIC.
(Sources: http://monero-classic.org/index_en.html)
How Will Monero-Classic Trade?
Monero Classic (HitBTC: XMCUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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