XMR, a new wave

After the last short triggered by the end of an impulsive Elliot waves, and now that the A, B, C corrective waves took place. Its time to look for the next step.

The new Fibonacci Fan created by that last bullish trend (impulsive waves in dark blue) show us a strong ascending floor support at fib. level 3/1.

Most importantly, looking at that, looks like this could be the start of a bigger picture elliot wave, and impulsive wave num.3 could start shortly. So the idea would be to go long, and use that support as a reference for our trailing stop loss.

4h and 6h charts (the bigger picture) show the MACD ready for a bullish wave. Also 4h Ichimoku cloud (not shown in this chart) shows a brighter future.

Only concern: RSI is not showing any oversold signals in any timeframe. But, Looking at 1day charts looks like its coming from clearly oversold territory...

Will see how this develops.