addisonj

Short term, stagnation before action

BITTREX:XLMUSD   Lumen / Dollar (calculated by TradingView)
Tried to highlight the recent history of what happens right after a drastic dip, in respect to the longer trend. We see a lull in the price and volume combined followed by a price spike. I think the low rsi indicates some type of action is in the near future.
Comment: No news/announcements to stop the stagnation. Still maintaining above support at 0.56, even in a down market. Hopefully an influx in total market cap keeps it afloat until the weekend
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