I have been testing a lot of moving average combinations for xlm for the past few weeks and the price has been compatible with MA 15 and 40 more than all other combinations i have used. i have tested MA 15 and 40 combo on other assets and i feel like this combo is specifically compatible with XLM and XRP, so for other assets i use other combinations. if we pay close attention to MA 15, it has been acting as support for 7 weeks. in the history of XLM when MA 15 acts as support and it is located above the MA 40 line, it has led to a strong bullish move. I remain bullish as long as MA 15 stays above MA 40 and the price does not go below MA 15. I look at XLM as an investment that can be held on to for over 3 decades. these indicators are tools to take advantage of well established market cycles that can make the investment more efficient at being profitable.
Trade active:
Trade active:
8 weeks and counting: price has established a strong support on the weekly MA 15.