XLM ready to blow!
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Exciting times:
- XLM has created a relatively strong horizontal support (green horizontal line), so downward movement should be limited
- XLM is about to break through the triangle, which would immediately push it upward
- Also note below: the MACD is about to form a golden cross just below zero (red & blue lines crossing)
- RSI is somewhat more in the "oversold" region
What do you think?
- XLM has created a relatively strong horizontal support (green horizontal line), so downward movement should be limited
- XLM is about to break through the triangle, which would immediately push it upward
- Also note below: the MACD is about to form a golden cross just below zero (red & blue lines crossing)
- RSI is somewhat more in the "oversold" region
What do you think?
Nota
Look how nicely the green candle stick is approach the end of the triangle, with MACD reaching a similar level on 29/12 before the price took off from 0.18 to around 1USD.Nota
Looks like it is starting to move on the wrong side of the triangle :-)Nota
Trade hasn't panned out, a.o. due to buy wall on XLM on the exchanges. Currently trading at second highlighted support. If it falls through next support is the third line. We'll just have to be a little more patient ;-)Nota
For the moment they are just keeping it exciting, still in the trading range! Slooowwwly :-)Nota
For an update on how to trade this, refer to my new post:
Penafian
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