A strictly basic technical viewpoint indicates that digital currency XLM is oversold against the dollar and trading at a great value.
While the Intelligent Moving Average (AI) has not yet crossed or indicated any change in momentum, I am anticipated a change in price that would lead these moving averaging to a cross.
The RSI strap is indicating extreme oversold conditions as it has dipped extremely low into the oversold territory within the last four hours.
This trade will take a very short period of time as the candle-sticks represent 15 minutes each. For this reason, this trade is suitable for a technical scalper who incurs relatively low trading fees.
This trade may provide an opportunity to hold a safe position as it continues for an extended rally.