XLM is forming a within a . This is a strong indication the price will break to the upside.
Exponential Moving Average
The 10 day has positioned itself right below the current price forming strong support.
The recent pullback in the market has caused the upper and lower bands to widen. The middle band is currently active resistance and we need to break 3355 before we can expect to see a move towards the psychological resistance and .236 fib level at 3530.
is very high, currently at 96 we should see some selling off and this is confirmed by the on the current candle.
The is relatively low. XLM has become quite oversold as the altcoin market has dropped over the past few days. There is a small upcross. But we need more and a lower before a buy would be signaled.
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