Market in last 1 week
Today’s Trend analysis
XLMUSD expected to see a downtrend further as price has been getting support from lower band but this time has broken the lower band with runaway gap observed
Price at time of publishing: $0.0782
XLM’s market cap: $1.6 Billion
Oscillator indicators are mostly neutral. RSI at 29 in the neutral region.
Moving average indicators are biased towards a downtrend. Ichimoku cloud indicating neutral with Hull moving average indicating a selling opportunity
Volume indicators saw an increase in the volume in the recent candles from 26.4M to 75.8M, suggesting a shift from buyers to sellers
Price expected to see a downtrend further as price has been getting support from lower band but this time has broken the lower band with runaway gap observed. Most of the Oscillator indicators are neutral. MACD moving below the signal line, histogram size increasing in the negative direction. RSI at 29, in the oversold region indicating an uptrend. CCI at -221, in the oversold region, indicating a trend reversal soon. Another interesting point to notice here is that the Bollinger band is expanding along with the volume observing an increase in the recent candles suggesting a shift from buyers to sellers.
----------------------------------------------------------------------------------------
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
- XLMUSD saw a downtrend with breaking the lower Bollinger band
- Price volatility was very high. The market moved ~32.29%, between $0.101 and $0.076
Today’s Trend analysis
XLMUSD expected to see a downtrend further as price has been getting support from lower band but this time has broken the lower band with runaway gap observed
Price at time of publishing: $0.0782
XLM’s market cap: $1.6 Billion
Oscillator indicators are mostly neutral. RSI at 29 in the neutral region.
Moving average indicators are biased towards a downtrend. Ichimoku cloud indicating neutral with Hull moving average indicating a selling opportunity
Volume indicators saw an increase in the volume in the recent candles from 26.4M to 75.8M, suggesting a shift from buyers to sellers
Price expected to see a downtrend further as price has been getting support from lower band but this time has broken the lower band with runaway gap observed. Most of the Oscillator indicators are neutral. MACD moving below the signal line, histogram size increasing in the negative direction. RSI at 29, in the oversold region indicating an uptrend. CCI at -221, in the oversold region, indicating a trend reversal soon. Another interesting point to notice here is that the Bollinger band is expanding along with the volume observing an increase in the recent candles suggesting a shift from buyers to sellers.
----------------------------------------------------------------------------------------
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
