Observing Monero

Attempting to apply the methods taught in the above video, you can see that I can't apply step 2 where I need to retrace the previous high. Not sure exactly what that means, but perhaps it means that this isn't a true long position. Maybe some other methods can be applied to see where Monero is headed. According to the MACD, you can see the lines are starting to converge.

You can see that there was an expansion, which appears to be a bullish expansion just below where I've denoted 1B.