XLM consolidating and forming a bottom, preparing for uptake

173
This is an update of a previous post which can be found here: (see below)

Looking at the candlesticks:
The candle sticks show low testing (bullish).
Tip: when you see a candle stick you have two parts: a wider part and a thin part. If the thin part is quite large at either end, this is called "testing". In this case you can see a clear repeated "low testing", which is generally considered bullish.
Detail: the lows are also touching the lower Fibonnacci support as you can see.

Looking at MACD: Golden cross in the making (bullish)

Looking at the Bollinger bands: Bollinger band is slightly curving to neutral/upward territory. (rather bullish)

CCI in the good region.

Volume:
Buying volume was previously absent and is now showing up (relatively bullish)


XLM; Expert view explaining price movement and expectations

Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.