XMRUSD: Higher low 4 hr RSI
Updated
Getting a bunch of mixed signals here:Divergence > RSI resistance/support.
One the one hand, there is a 4 hour bearish hidden divergence on the RSI that still may be active:which implies a continuation on the downside: on the other hand we have a higher low on the 4 hr RSI. Included the MACD for additional confirmation: histogram appears to be ticking up.
But the risk reward is favorable. Let's see what happens.
One the one hand, there is a 4 hour bearish hidden divergence on the RSI that still may be active:which implies a continuation on the downside: on the other hand we have a higher low on the 4 hr RSI. Included the MACD for additional confirmation: histogram appears to be ticking up.
But the risk reward is favorable. Let's see what happens.
Note
Bitcoin dumped hard to the next support level.Note
bitcoin dumped, alts followedNote
The fact that this coin did not dump as far as others is a good sign. I expect this to continue upwards, especially as bitcoin's wave 4 is complete.
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