XLM
Panjang

XLMUSD LONG - BREAKING EMAs

Daily chart. Every indicator is showing bullish while PA is breaking EMAs and the bullish crossover is near. Volume defines S/R areas on red line, more or less where i will take profits.

Indicators:
- MACD signal crossing ZERO line
- RSI breaking 50 and supporting
- ADX on sideways but DI+ dominating.
- STOCH is crossing bullish outside the overbought


PA broke 21EMA and is testing 55EMA. Crossover 21-55 is near. I chose the closing price candlestick on the past as the target resistance area. LONG it is!

Just my journey, not an advice!

Penafian