XLM – confused about indicators but we have a solution
Updated
Hi Guys!
We encountered last time XRP rally followed by XLM rally. Many ideas say if you missed XRP rally don’t miss XLM rally. This might not be a truth. Remember we have a bearish market. Still, unfortunately.
So here is our advice.
We used a couple of indicators and they don’t say the same thing.
So positive news is that we observed positive convergence on MACD.
On Weis Volume Indicator we can see supply decrease and demand has increased which makes the perfect (theoretically) space for a price growth.
We also managed to defend the support line which was created in the middle of March so we should not go lower than 0.00003000
That is the end of the good news.
Disquieting is the fact that we haven’t managed to break up the 1st Fib level at 0.00004499.
Last time we did it was in May and it was just for a couple of days. BAD.
It seems like we are in the sin tunnel between 0.00004499 and 0.00003000
So we also broke TenkanSen (red line) and ZeroLag EMA. Actually, we are on the verge but there is not enough demand to go higher.
We think we might go as low as 0.00003000. Unless we have any positive info from the market such as SEC approval of the ETFs.
So we will start the long position once we are above ZeroLag EMA and we break the 1st target on the Fib scale which is at 0.00004499.
So Guys! What are your feelings towards XLM? Do you have it on your radar.
If you like our job please give us a like. If you don’t want to miss the update follow our profile.
MASSIVE Hugs!
WBM Team
We encountered last time XRP rally followed by XLM rally. Many ideas say if you missed XRP rally don’t miss XLM rally. This might not be a truth. Remember we have a bearish market. Still, unfortunately.
So here is our advice.
We used a couple of indicators and they don’t say the same thing.
So positive news is that we observed positive convergence on MACD.
On Weis Volume Indicator we can see supply decrease and demand has increased which makes the perfect (theoretically) space for a price growth.
We also managed to defend the support line which was created in the middle of March so we should not go lower than 0.00003000
That is the end of the good news.
Disquieting is the fact that we haven’t managed to break up the 1st Fib level at 0.00004499.
Last time we did it was in May and it was just for a couple of days. BAD.
It seems like we are in the sin tunnel between 0.00004499 and 0.00003000
So we also broke TenkanSen (red line) and ZeroLag EMA. Actually, we are on the verge but there is not enough demand to go higher.
We think we might go as low as 0.00003000. Unless we have any positive info from the market such as SEC approval of the ETFs.
So we will start the long position once we are above ZeroLag EMA and we break the 1st target on the Fib scale which is at 0.00004499.
So Guys! What are your feelings towards XLM? Do you have it on your radar.
If you like our job please give us a like. If you don’t want to miss the update follow our profile.
MASSIVE Hugs!
WBM Team
Note
Zoom in Note
Big picture and possible scenario Note
Still not tradeable. Got stuck between Zero Lag EMA and EMA Note
Let's wait for the better moment.Note
Still not tradable.
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