XLM is showing Hidden Bullish Divergence.
Updated
XLM/BTC is show-casing hidden bullish divergence on the 4-hour RSI and CMF. I expect the Stochastic to start showing it soon as well. As the price has made a Higher-Low, the Indicators have made Lower-Low's. I made a previous analysis on XLM stating to short from 3915 and reenter at 3730, and that has played out to near perfection. We are currently hovering around the .5 fib level, and it looks as if we will be making a move to the upside soon. Liking the risk/reward on this trade. Do keep an eye on Bitcoin and its price movements, as for it can have a major impact on alt-coins and their movements.
Entry: 3730-3770
Target 1: 3910
Target 2: 4130
Target 3: 4490
SL: 3600-3680 (depending on risk/exposure level.)
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility .
Entry: 3730-3770
Target 1: 3910
Target 2: 4130
Target 3: 4490
SL: 3600-3680 (depending on risk/exposure level.)
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility .
Note
Closer up image of the price and indicators: Note
Seeing the Stochastic turn-around on the 4-hour now as well: Note
Current outlook: Trade closed: stop reached
My stop-loss at 3670 hit and I was stopped out.
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