Following corrective wave down resulted in the 60% decline and price went as low as $0.4, where 200 Moving Average was rejected once again. After, XLM/USD went up breaking the downtrend suggesting that the uptrend is now likely to resume. The first strong resistance is seen at the $1.18 where two levels are inline. Only a break and close below the 200 Moving Average could invalidate outlook.
your idear best area for buy XLM is 0.5 usd ?
Why do you prefer EMA 200 instead of SMA 200 ? Do you think its more accurate the bounces?
An exponentia (ly weighted) moving average merely puts more weight on recent prices over older ones. Please explain your reasoning.
Of course! :)
The more indicators, the better your prediction. Look at crossovers of weighted and simple moving averages is also well worth it. ;)
Try logarithmic scales.
You don't. I don't ever use them. I was just saying that because you mentioned the exponential growth of our beloved crypto prices. Wasn't really serious, just like your EMA comment I suppose. :D