Quick update: compared to the analysis in our last graph, we see that the MACD is now a small time unit away from making the golden cross in the MACD. This is a very bullish sign. Moreover, in the meanwhile, the Fibonnacci support has held ground and XLM price has actually moved up from 0.00035 to around 0.00046, which is like a 25%+ upward move already. CCI also confirmed this upward move.
What will happen next depends a bit on the smaller trade range so we should be zooming in - but no time at the moment to make that analysis. In any case, the story keeps boding well for the near future, although we can still have a fall back to the Fibonnacci support.
What will happen next depends a bit on the smaller trade range so we should be zooming in - but no time at the moment to make that analysis. In any case, the story keeps boding well for the near future, although we can still have a fall back to the Fibonnacci support.
Nota
Almost forgot: as you can see, price movement actually broke the resistance line of the downward channel, question is: will it hold, volume still seems to be a bit on the low side.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.