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,...
Found some nice resistance line RSI at overbought so I think some pull back may happen
10.5 K is support IMO for short term but if it breaks we still could be seen some wicks to 4.5k maybe just my opinion not financial advise.
Have fun trading.
I made this one a few days ago and wanted to submit it but now we reached 9.6K I was like let's post it cause this could still play out.
Just my opinion do your own research not financial advise.
This would fill some gaps on the CME ( that some people say ). And would still be bullish in the long term IMO.
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...
Possible descending triangle or falling wedge.
Descending triangle with connection wicks.
Down target would be 9K if this breaks.
RSI hasn't gone completely in the oversold region.
Falling wedge with candle opens/closes.
Breakout target 9,5K.
MACD just crossed bullish again.
RSI arround the 50 so there is room to the upside.
Just my opinion,...
Breaking support now retest and finding resistance.
It's not over yet....
Watch July being a bloody month.
Target @ 1950.
( MACD not yet oversold having a dump towards that target would put it in oversold )
Just speculative not financial advise.
Not financial advise.
RSI says a lot. We're not yet out of the triangle pattern BTC is in.
And as for all everyone said there was a golden cross on the "actual BTC" chart it ain't here. It's coming but when it happens there'll be a ton of resistance. Get ready for the IH&S Clear Resistance area => Base.
This is just my own idea. But I think we'll be going back...
This may be a possibility, stil going forward on the Inverse Head and Shoulders ( Yes it may be ugly but the clear resistance zone of 10K is clear , taking that zone as the base would explain it. )
Also both moving averages the 20 and 50 are forming a "bull cross" they've lead in the past to sell offs, and we haven't seen a major sellof from the halving...
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...
Be carefull trading guyz,
Possibilty is that the price will go down and worse case it retesting 800 sats
Bear diff on 3 hour timeframe => the timeframe where the 20 MA bounced of the 50 MA
Diff on macd and rsi !
Not financial advise do your own research !!
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...
currently in an uptrend with resistance at 800 sats, can we breakout or will we retain and drop back down.
target 800 sats
macd diverging bullish again
rsi in uptrend aswell
not financial advise just wanted to let you guyz know this.
Hold your horses and get ready for a breakout for XLM/BTC.
This is an ascending triangle which mostly break out bullish ( it can break bearish no hate if it does ).
We are making "valley's" on the resistance line and which are getting smaller and smaller. We're getting close to the Apex.
XLM's breakout could possibly end the downtrend we're still facing ( vs BTC...
Just a regular bear trap guyz
Like another thing people are getting crazy about breaking the 200Daily MA => Look a second towards the BTCEUR and you see we did hold it !!!
7K resistance, we bounced of support here, this was the support from the descending channel.
Next resistance is 10K then but break above 7K consolidate...