XLM/USD - Trend Change
The daily chart has had a bearish trend for a long time, but upon closer inspection on the 4 hour chart.
We can see that there was a bullish trend while that trend was broken, and the daily chart and 4-hour chart confirmed that a bearish move could be expected.
The correction can continue until strong support is reached. There is also a possibility that another support level will stop the downtrend.
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Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
We can see that there was a bullish trend while that trend was broken, and the daily chart and 4-hour chart confirmed that a bearish move could be expected.
The correction can continue until strong support is reached. There is also a possibility that another support level will stop the downtrend.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
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