Lumen (XLMBTC): RSI/stoch. analysis + watching weekly close
Indicators
Weekly RSI (orange bars) new lows week after week, now deeply oversold.
Weekly Stochastic RSI flat lined with D crossing K.
Together a good indicator for swing entry.
Not necessarily an indication for a price bottom (see my XRPBTC chart), but typically safer than any other rsi/stoch values.
Candles
Currently scary. Watching the weekly close - will hopefully close with a nice shadow. If next week closes with a reversal candle, like doji, pin bar or hammer, it would make it more interesting.
Weekly RSI (orange bars) new lows week after week, now deeply oversold.
Weekly Stochastic RSI flat lined with D crossing K.
Together a good indicator for swing entry.
Not necessarily an indication for a price bottom (see my XRPBTC chart), but typically safer than any other rsi/stoch values.
Candles
Currently scary. Watching the weekly close - will hopefully close with a nice shadow. If next week closes with a reversal candle, like doji, pin bar or hammer, it would make it more interesting.
Comment:
XLMBTC retracing the correction. I think we might correct upward to at least 0.382 or higher in coming weeks.
Comment:
XLMBTC: wow first target hit much faster than I thought, I think we can hit 0.5 or even 0.618 in coming days.
Comment:
XLMUSD breaks up out of log channel
