Monero Can Rise Another 20%

Monero is in impulsive uptrend that is likely going to continue as current price action from the highs looks like a corrective pause on the way up. Ideally that's a wave four so fifth wave could possibly go even to 120. The first support for wave four has already been touched, but there is still a chance that correction will be more complex. In that case 80.00 is the next support, and even if touched the structure remains valid as long as market trades above 68.00.

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As expected, Monero made a nice bounce from lower support zone and it's now already in wave 5 that can be made by another five-wave cycle towards 2019 highs.