XMRUSD Time to Strap In

The 2D chart is pretty non-standard, but in these troubling times for BTCUSD and ETHUSD being rather bearish picking a coin to go long on requires, for me, some extra confidence. And we see that the 2D MACD bullish cross has been really predictive of 90-400% gains over the last year, and I want me some of that. To help confirm the uptrend we see hidden bullish divergence with the price action and the MACD. I would be more comforted if I also saw the divergence on the RSI, but that isn't something we see at the 2D level but we do see at the 12H, which is a pretty high level time frame to see hidden divergence on for crypto, ususally it rebounds before then.

We also see we are coming out of oversold on the RSI and the Stochastic RSI is suring upward. There is enough confirmation here to go long for almost any skeptic. I am using the 2D to confirm this entry but I will probably use the 1D indicators to time my exit.

Note

This is beginning to look like another failed take off. The RSI and MACD are showing not only signs of weakness but look like they are going to completely roll over

The Hull MACD also shows that this uptrend was not very strong and we got quite over-extended.

This_Guhy

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion

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This_Guhy

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion

Also on: