#### Monero (XMR/USD) 1h chart: I saw the bearish divergence on the RSI and MACD histogram and I entered a short at 121.25$. I targeted the 0.786$ level (117.39$) for a 3.2% scalp.

_{[Click here to enlarge the image](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmU9y4JbdkKR996GsMVDmEi7be8s7ppLTypG2u71hmY5MY/monero%20divergences.png)}

![monero divergences.png](https://cdn.steemitimages.com/DQmU9y4JbdkKR996GsMVDmEi7be8s7ppLTypG2u71hmY5MY/monero%20divergences.png) #### 5 min chart indicating the massive bearish divergence

_{[Click here to enlarge the image](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmQBSUkyPa3PKDH7Y7bsrx6fyhDjVqnx4Y3yZewFDTwjLN/monero%205min.png)}

![monero 5min.png](https://cdn.steemitimages.com/DQmQBSUkyPa3PKDH7Y7bsrx6fyhDjVqnx4Y3yZewFDTwjLN/monero%205min.png) #### Another sign I was looking at, was the ending of the 5 impulse wave Elliot cycle. A ABC correction had to come, so it was quite obvious it was going to fall.

_{[Click here to enlarge the image](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmSFKxSkiRH4kfKZzXeavNjWwN8MWgxdDUYtnjS84LjrvC/monero%20elliot.png)}

![monero elliot.png](https://cdn.steemitimages.com/DQmSFKxSkiRH4kfKZzXeavNjWwN8MWgxdDUYtnjS84LjrvC/monero%20elliot.png) ![steem --- line.png](https://cdn.steemitimages.com/DQmd5CjVzyCNTtwZb4dqToA1qPAF8hFWpjYHXpNDSL5LM2u/steem%20---%20line.png) ![mywolf.gif](https://cdn.steemitimages.com/DQmYdJxHtrns6waecoP7wLGCy9ToPPiygHWGq2jUmoBfnGk/mywolf.gif) ### These are some of the exchanges I use: _{*(you can support my work by registering via these links)*} - [Bitfinex](https://www.bitfinex.com/trading) - my most used exchange - [Binance](https://www.binance.com/?ref=10893820) - most popular exchange - [Kucoin](https://www.kucoin.com/#/?r=E2Yrch) - excellent exchange, rising in popularity - [Gate](https://gate.io/signup/1674453) - for small cap / new coins - [Huobi](https://www.hbg.com/en-us/topic/invited/?invite_code=rvws3) - margin trading - [Coinexchange](https://www.coinexchange.io/?r=31a70742) - big variety of coins --- **`ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!`** **` NEVER HAVE THE SAME PASSWORD TWICE! `** **`SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!`** ![steem --- line.png](https://cdn.steemitimages.com/DQmd5CjVzyCNTtwZb4dqToA1qPAF8hFWpjYHXpNDSL5LM2u/steem%20---%20line.png) ## **Thanks for reading and safe trading!**✌ ### **If you find this post useful please:** ![aezakmi gif.gif](https://cdn.steemitimages.com/DQmdzruKqt4wz2eGto3kRuzxhkJAqRceor9vL9d1p9FWY5s/aezakmi%20gif.gif)