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Elliott waves point to higher prices for Monero (4hr tf) analysis

Monero move sold off from a high of $477 on Dec. 20, 2017 to a low of $151.54 on Feb. 6 2018 in what can be described as a WXY Elliot wave structure. This 3 wave move should be followed by another 3 wave move upwards or the start of an impulsive move upwards that can see Monero move past its old price high of $477.

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POI = Point of invalidation at which price ($203.02) this analysis is no longer valid.

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