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?
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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.
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Looks like it is starting to move on the wrong side of the triangle :-)
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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 ;-)
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For the moment they are just keeping it exciting, still in the trading range! Slooowwwly :-)
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For an update on how to trade this, refer to my new post:
@brolykard, Hi Brolykard, you can find an update here: This here was my first post and I actually wanted to include more analysis (+ stating how to interpret the triangle to be able to drop the trade timely if not panning out), but couldn't find a way to include more graphs :-)
ElPrimoBaerista
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I'd love such an increase ...starting to get skeptic towards XLM though
A_Cryptastic_Mind
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@ElPrimoBaerista, It's most likely just a matter of time - and the fundamentals are quite good, if not great. There is also Fibonacci support at the 0,618 level just below current price. Of course, if it doesn't pan out now, we're in for some downward movements first :)
can you update?
:)