XLM trend reversed ? 2-3-2020
Is XLM getting ready for a move back to the upside ? IMO yes.
My target the high of this year.
Reason why the trend reversed ?
° RSI broke out of it's pattern it was in.
° Currently we have a bullish engolving candle on the daily.
° MACD has been converging since yesterday.
Reasons why we would see further downside uhm
° Support area from the "left shoulder" hasn't been hit yet
This is the 618 and hasn't been hit yet. ( I think don't remember that good xD )
° Downtrend on chart hasn't been broken yet. ( If you'd draw the resistance like I did )
° We broke down from the uptrend we where in, THIS NOW IS RESISTANCE! ( Big red line )
Not financial advise, do your own research.
My target the high of this year.
Reason why the trend reversed ?
° RSI broke out of it's pattern it was in.
° Currently we have a bullish engolving candle on the daily.
° MACD has been converging since yesterday.
Reasons why we would see further downside uhm
° Support area from the "left shoulder" hasn't been hit yet
This is the 618 and hasn't been hit yet. ( I think don't remember that good xD )
° Downtrend on chart hasn't been broken yet. ( If you'd draw the resistance like I did )
° We broke down from the uptrend we where in, THIS NOW IS RESISTANCE! ( Big red line )
Not financial advise, do your own research.
Nota
MACD still looking good next up breaking the trendline ...
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.