XLM/USD is likely to continue making higher highs and higher lows in our 3h, 6h,12h and 24h Timeframes.
NOTE: This is around our previous highs found in November 2020. We could reach exhaustion around 23 to 24 cents. Before setting up to going higher after our brief pullback.
NOTE: This is around our previous highs found in November 2020. We could reach exhaustion around 23 to 24 cents. Before setting up to going higher after our brief pullback.
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90min (far left) and 3h (left center) showing signs of exhaustion. White energy in 90min is below 70 with a ~45 degree angle of descent.
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Could this downward pressure be our higher low after our higher high?
IF white upper BB holds as support, price action could resume upward.
IF white upper BB holds as support, price action could resume upward.
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In the scalping group 12min, 23min, 45min, and 90min upward pressure is commencing, we could have found our higher low, now attempting to try for another higher high.
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Likely to see 23min white energy cross above 50 level indicating upward pressure. (left center)
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Upward Pressure
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WOAH! Could be our blown off top
This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.
Likely to see price action slow and trend sideways to allow BB time to continue expanding.