How I am seeing it right now
Komen:
chart is still holding. I updated the the grey battle zone to reflect where we are now which I think is an ancient zone that established on the monthly
Komen:
Komen:
and here is that monthly chart
Komen:
Nice strong move on break of that ancient resistance zone, and a rejection off from the 20W SMA. I think this will be short lived ad the chart is moving toward printing a doji right on the 20W. My base case is that this week closes just at or slightly above the 20W
Komen:
XLM is still fighting the 20W SMA. In the process is is forming a nice bull flag. Right now it is approaching the SMA to challenge it again. My bias is for this to be the breakthrough time.
Komen:
Komen:
nice clean strong break, looking good
Komen:
extension up to the channel center, rejection, and heading for a back test on the 20W SMA. Key zones on the chart are holding.
Komen:
the 20 didn't hold, and xlm went all the way down to the cross of ancient resistance and channel bottom. This is actually more healthy for the chart as it is the first back test of this grey zone since the last break
Komen: