Xaurum (XAURUSD) has broken out of the triangle in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Xaurum began a wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 12, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Xaurum should be heading next towards the June 12 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the waves even better in the line chart.
(Chart courtesy of Tradingview.com)
Funnymentals
Xaurum is a gold backed crypto.
If you think this analysis is correct, upvote this post and upvote the comment "Xaurum will takeout the June 12 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Xaurum will drop below the September 15 low".
If you think Xaurum is in a range, upvote this post and upvote the comment "Xaurum will stay in a trading range between the September 15 low and the June 12 peak until November 21".
You can upvote the comment until 3 PM EST October 22 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
