Market in last 1 week
Today’s Trend analysis
Price expected to see an uptrend as price is trading inside the bands and after getting resistance from the upper band and midline to act as support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size decreasing in the positive direction suggesting bullish bias. RSI at 46, in the neutral region below the midline. CCI at around 12, in the neutral region with a pullback from the overbought region. Another interesting point to notice here is that volume saw a change from volume increase with price increase to volume increase with price decrease indicating a shift from buyers to sellers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- XLMUSD saw a downtrend after getting rejected from the upper band from $0.0786
- Price volatility was very high. The market moved ~9.47%, between $0.0786 and $0.0718
Today’s Trend analysis
- XLMUSD expected to see an uptrend as price is trading inside the bands and after getting resistance from the upper band and midline to act as support
- Price at time of publishing: $0.0743
- XLM’s market cap: $1.54 Billion
- Oscillator indicators are mostly neutral. RSI at 46 in the neutral region.
- Moving average indicators are indicating a downtrend. Ichimoku cloud indicating neutral with Hull moving average indicating a buying opportunity
- Volume indicators saw a change from volume increase with price increase to volume increase with a price decrease
Price expected to see an uptrend as price is trading inside the bands and after getting resistance from the upper band and midline to act as support. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, histogram size decreasing in the positive direction suggesting bullish bias. RSI at 46, in the neutral region below the midline. CCI at around 12, in the neutral region with a pullback from the overbought region. Another interesting point to notice here is that volume saw a change from volume increase with price increase to volume increase with price decrease indicating a shift from buyers to sellers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
