XLMUSD to see sideways movement (1D) | Trading inside bands
Market in last 1 week
-XLMUSD saw a slight price increase and then saw a downtrend
-Price volatility was very high. The market moved ~13.59%, between $0.108 and $0.096
Today’s Trend analysis
-XLMUSD expected to move sideways as price got resistance from the upper band
-Price at time of publishing: $0.1048
-XRP’s market cap: $2.16 Billion
-Oscillator indicators are mostly neutral. RSI at 58 in the neutral region.
-Moving average indicators are biased towards an uptrend. Ichimoku cloud indicating neutral
-Volume indicators saw a decrease in the volume in the last few candles from 11.6M to 6.45M
Price expected to see a sideways movement as price got a resistance from the upper Bollinger band. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative direction. RSI at 58, still in the neutral region above the midline. CCI at 49, in the neutral region, saw an upmove in the last few candles. Another interesting point to notice here is that the price has been trading inside the Bollinger band.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-XLMUSD saw a slight price increase and then saw a downtrend
-Price volatility was very high. The market moved ~13.59%, between $0.108 and $0.096
Today’s Trend analysis
-XLMUSD expected to move sideways as price got resistance from the upper band
-Price at time of publishing: $0.1048
-XRP’s market cap: $2.16 Billion
-Oscillator indicators are mostly neutral. RSI at 58 in the neutral region.
-Moving average indicators are biased towards an uptrend. Ichimoku cloud indicating neutral
-Volume indicators saw a decrease in the volume in the last few candles from 11.6M to 6.45M
Price expected to see a sideways movement as price got a resistance from the upper Bollinger band. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative direction. RSI at 58, still in the neutral region above the midline. CCI at 49, in the neutral region, saw an upmove in the last few candles. Another interesting point to notice here is that the price has been trading inside the Bollinger band.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Related publications
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.