XLMUSD: Pretty Confident Bounce

XLM is a very volatile coin that has been on the downtrend for some time. It is right now correcting itself from the previous drop . If we look at Williams Alligator and the Awesome Oscillator we can see a bullish trend . This trend will likely reach the first resistance @0.1416. After this two things can happen. A rally to the second resistance @0.155 and maybe even go further to the strongest resistance @0.17 . However it is more likely that is will rally towards @0.1416 and then drop . Still an easy long position here.
It will going down until 0.08

TLS-TN hjschaap
@hjschaap, isn't it more likely that at a low RSI, the chance of a upward trend increases? Please respond, I want to learn more. :)
+1 Reply
hjschaap TLS-TN
@TLS-TN, RSI only works on short term for me. Long term is more like watching te trend. Trendlines, channels, S/R.
TLS-TN hjschaap
@hjschaap, I see! I'll start messing around more with RSI to see if I can get better TA's. Let's see what will happen. Thanks :D
hjschaap TLS-TN
@TLS-TN, RSI can confirm a trend.
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