** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
코멘트
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(XLMUSD 1D chart) It is rising in the important section, 0.06260065~0.08089452. We are creating a new wave by stopping the long decline and turning to an upward trend.
I don't know to what point this rise will occur, but it is expected to form a sideways box section to solidify the waves. At this time, if the box section is formed above the 0.08089452 point, it is expected to create a larger upward trend at the end of the sideways.
@eddiecarstoday, I see the golden cross forming on the 20 and 50 day moving average and the cross of the MACD back into positive territory. This drop is short term, it will give us a great opportunity to re-enter at a lower price. But I agree, ultimately I am very bullish on XLM.
readCrypto
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@eddiecarstoday, (1W chart)
At a glance, I think it is possible to judge whether there is an additional rise or not depending on whether you can get support at the 0.08089452 point.
If you get support near 50EMA with a break above 50EMA on the 1M chart, it is expected to rise once more.
CryptoCheck-
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XLM Is Extremely Bullish
CryptoCheck-
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nice ideas
nemaconz
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There is a bearish divergence, it's in an ascending wedge and the volume is decreasing as the price is rising. All great indicators it's gonna have a good break to the downside.
readCrypto
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@nemaconz, It broke through an important section and rose.
Of course, you have no choice but to use up all your power.
What I want to talk about is that sideways should come out.
At this time, if you get support and rise in the 0.06260065~0.08089452 section, I think you can infer that it is the time to re-enter.
nemaconz
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@readCrypto, It broke the 0.5 Fibonacci retracement, that is where the first test of a solid support will come, on the hourly chart it is toward the end of completing an ascending wedge. It's gonna break down in the short term, we will retest 8.7 cents the next big support is at 7.26 cents at the 0.386 fib retrace, I expect it to range between 7.26 cents and 8.7 cents, there is the possibility of a flash crash to the low 6 cent range but obviously it would be short lived I suspect as it would be a flash crash. On the weekly I am very bullish, I think long term XLM is forming a cup and handle and I expect the REAL moon mission around early December. I plot it out on my twitter if you want to take a look. I have also made a few other posts on XLM today explaining the upcoming break to the down side. Not saying I'm gonna be right, but I think you will find my logic based on indicates, patterns and trends to be sound.