XLM/USD Race Triggered in the 3h RED RSI crosses below 50
XLM/USD in the 12min, 23min, 45min, and 90min TF are showing signs of downward pressure and now the 3h is too. The race to watch is between the white energy in the 3h and the RED RSI in the 6h TF.
This race is used to get an idea when downward pressure might reverse to sustained upward pressure. White energy in lower timeframe needs to win the race! At the moment looks like 6h RED RSI is going to win the race.
This race is used to get an idea when downward pressure might reverse to sustained upward pressure. White energy in lower timeframe needs to win the race! At the moment looks like 6h RED RSI is going to win the race.
Comment:
Keep in mind that just because we have downward pressure does NOT mean price action must go down significantly. Do NOT assume that. Price action can trade sideways in a trading range.
Comment:
3h white energy lost race. 6h new race triggered by RED RSI, 6h white energy lost, new race triggered in the 12h white energy and 24h RED RSI.
Comment:
Downward pressure continues
Comment:
This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.
