XLM broken out of downtrend region, consolidating now. Daily uptrend held and found support on the daily .382 fib retrace. rejected at the .5 fib level and moving back up to test that region again. Signs of bullish divergence on the rsi 4hr with macd crossed on 4h, and forming an upward channel with long standing daily uptrend. Alot of alt coins are now hitting their bottom and consolidating, market mentality seems to indicate the bear run is losing momentum
black lines are daily, pink for 4hr, fib support and rejection can be seen on daily
black lines are daily, pink for 4hr, fib support and rejection can be seen on daily
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.