Are we heading a bit lower to make a macro higher low ?
IMO XLM wil follow BTC for a large part and correct even more how low we go idk. Targets to be watched are on the chart ( taking out previous low ).
On the positive side XLM is oversold, buy went it's oversold and sell when overbought.
Technical Indicators :
MACD below 0 - level and diverging.
RSI at 30 - level going into the "previous" pattern.
Our declinging volume has been halted and are increasing again.
Currently having a D - Cat bounce above the noisy area. This also is the 200 Daily MA
Closing our weekly below 0.072 would not be great due to it being below our 20 Weekly MA.
Not financial advise do your own research !
IMO XLM wil follow BTC for a large part and correct even more how low we go idk. Targets to be watched are on the chart ( taking out previous low ).
On the positive side XLM is oversold, buy went it's oversold and sell when overbought.
Technical Indicators :
MACD below 0 - level and diverging.
RSI at 30 - level going into the "previous" pattern.
Our declinging volume has been halted and are increasing again.
Currently having a D - Cat bounce above the noisy area. This also is the 200 Daily MA
Closing our weekly below 0.072 would not be great due to it being below our 20 Weekly MA.
Not financial advise do your own research !
Shorter Term It Hit The Red ( Now ) Resistance Line And Got Rejected. ( For Now )