We've been rising for 57 days and have gained arround 96%
Positive side XLM is rising, but we have to be carefull of corrections and consolidations.
If we see XLM trading above or resistance of our Adam and Eve further upside will be upon us. This due to a major long term bullish divergence.
Downside targets IMO would be the first fib lines.
RSI says we're overbought, but that doesn't mean it has to crash and go down immediatly XLM can trade for several days overbought. Corrections have to be made tho. So rallying without corrections wouldn't look that great IMO.
( RSI went above the 54 level on the weekly pointing to the upside ) ( XLMUSD chart )
Macd lines are going further away from each other again on the daily.
50Daily MA and 100Daily MA are about to make a bullish crossover.
Waiting for confirmation if a pullback would happen Y/N
Horizontal Lines where an orange price shows on the right hand side of the screen are my current targets for the upside.
Positive side XLM is rising, but we have to be carefull of corrections and consolidations.
If we see XLM trading above or resistance of our Adam and Eve further upside will be upon us. This due to a major long term bullish divergence.
Downside targets IMO would be the first fib lines.
RSI says we're overbought, but that doesn't mean it has to crash and go down immediatly XLM can trade for several days overbought. Corrections have to be made tho. So rallying without corrections wouldn't look that great IMO.
( RSI went above the 54 level on the weekly pointing to the upside ) ( XLMUSD chart )
Macd lines are going further away from each other again on the daily.
50Daily MA and 100Daily MA are about to make a bullish crossover.
Waiting for confirmation if a pullback would happen Y/N
Horizontal Lines where an orange price shows on the right hand side of the screen are my current targets for the upside.
Kommentar:
Just watching back at this chart, and if we hold the big green lane a major bounce to the upside could be in play.
