All signs point to the XMRBTC correction being over:
1. Notice the ABC wave correction. 2. Wave C is equal to Wave A which is a common length of a Wave C to Wave A. 3. Wave C retraced back 61.8% of the previous impulsive leg up. 4. The Wave C trendline was broken on Sept 7th at 03:00 UTC (23:00 EST on graph). 5. The Wave C trendline, after being broken, held as resistance at 12:00 UTC (08:00 EST on graph)
All of those signals point to the last move off the ATH as being a temporary correction and that we can expect another move higher. I would go LONG XMRBTC and place a stop at 0.0180. If when the next hourly RSI is rolling over and we have not significantly pushed past at least 0.0220 then I would be concerned that another pattern may be playing out instead of an immediate push to a new ATH.
DTOsc - you can find it searching the public library. It's similar to StochRSI; however, I find it better fluctuates between the overbought and oversold zones once adjusted. I've been using it successfully for years.
Volatile_Victory
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Correction:
Point #2 should read Wave C is equal to 50% of Wave A which is a common Wave C length.
Volatile_Victory
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Correction #2:
Point 3 should read "The correction retraced back 61.8% of the previous impulsive leg up."