When BTC breaks out, we see some alts rally later on. Here is a favorite of mine that I am keeping an eye on -- XLM! We see that the RSI has crossed the 50 center line which is a bullish indicator. The MACD is kissing and about to cross. We are also trading above the daily pivot (pink dot), daily BC (blue dot), and daily TC (blue dot). These are all good...
There are a few things I am noticing here. BTT is trading well above the 3 moving averages and we can see the MACD about to cross. This indicates a strong buy to me as far as moving averages go. Some of my oscillators look a bit more neutral, but there are some things worth noting. If we look at the RSI, we can see it crossing above the 50 center line and is...
The MACD recently crossed and we are seeing some sell volume after a few days of stronger buy volume. The current candle is testing the daily pivot point. If we break down below the daily BC and below $6.18, I can see us testing the area at about the 50 MA, which happens to be in between R1 and P. I would like to trade sideways there for a little bit to accumulate...