Are we heading a bit lower to make a macro higher low ?
IMO XLM wil follow BTC for a large part and correct even more how low we go idk. Targets to be watched are on the chart ( taking out previous low ).
On the positive side XLM is oversold, buy went it's oversold and sell when overbought.
Technical Indicators :
MACD below 0 - level and diverging.
RSI at 30 -...
Not financial advise do your own research !!
RSI has been resetting will it break out and rise higher or will we get a crash ?
I've put some possible targets to the downside 2 of the 3 would be most likely the third ( bottom one could be the lowest it'll go ).
MACD converging and we had a bearish engulfing candle on the weekly.
Also RSI on weekly hit overbought,...
Bearish divergence rlly close to overbought zone,possibility that we go up again but think it'll go down take out lows find support and then rally above this pricelevel.
Bearish cross incoming on RSI.
Just my thought not financial advise. Do your own research.
Second Corona wave aswell so BTC may pull back which would let alts go back aswell so that could be a...
XLM had some nice gains after the big crash... which can't hold on forever unfortunatly.
MACD was also overbought on the Daily and broke down of the trend we where in today, when historically this happenend we stayed going to the downside for a month.
We broke down from some sort of a triangle pattern while having some bearish divergence on the lower and daily...
Bear diff on daily !
We are at the top of the sideways channel we're in from when XLM dumped.
Rsi looks ready to go lower.
Macd converging while in an uptrend.
Daily 100MA is almost crossing the 200MA !!!!!! => Tomorow it'll cross and the pullback will be in play. to possibly retest that area.
support: 0.054722 = 20DMA ; 0.051611 = 100DMA ; 0.05198 =...
Discussing BTC closing in the weekends and so maybe creating cme gaps there'll be a possibility BTC will correct during that timeframe.
Making me think that XLM : BTC will stay closely to the price where it ended on friday.
rsi overbought in daily posibilty to retrace => Key support target at 0.052 cents aka 100 and 200 DMA . Hoping on support there where also...
If this breaks up or down and goes below or up the part where the consolidation pattern starts then we'll get a bigger move following it.
Be carefull ! trading
not financial advice.
Consolidation pattern after a pump towards the upside => symtrical triangle => mostlikely to break to the upside.
Houlry is a bit more important imo but in here we can see what's...
It's been an interesting afternoon. The value has been stuck in the range 0.06 € - 0.057 € for the last few hours.
There seems to be an upward trend line, but right now, looking at the positions, I wouldn't bet that the value doesn't break it and we see a severe correction; resistance at 0,0593 € seems to be pretty solid right now. What's more, I actually think...
Another update from a newbie.
XLM left yesterday around 16h (UTC+2) the channel it had been moving since April 6th, and gained some additional momentum leaving also the small channel. After a couple of tries to today's resistance at 0,0538 €, it went easily to the ceiling of the primary channel, where it seems to be facing some resistance. Right now, I wouldn't...