XLM Downtrend line broken!
Updated
After some weak days of XLM that were kind of scary, because the break out of the triangle everyone was waiting for wouldn´t come and XLM would move accurately along the downtrend line
we had a proper 15% Kumo break out today and the downtrend line was broken.
As it broke by 3% we can speak of a trend change.
Let´s have a look at the indicators:
Ichi: We are above the Kumo and baseline from 1m to 30m chart, currently also moving out of the 1h cloud -> bullish green lights
DMI: shows bulls in lead, no hardcore momentum, but in lead
MACD: confirms upward movement
RSI: not in overbought territory yet
If we are moving above todays spike of 4200, we should be safe and see another bigger leg up, if it moves below the downtrendline which I am not seeing at the moment, we need to wait for new signals.
Stop loss can be in the area of the downtrendline.
Mid-term I see XLM absolutely bullish and I stick to my prediction of 1$ by mid of February latest.
Crypto will fight back the set back punches of the last days and we will all make good money. No regulation and no one can stop our movement!
Thanks for stopping by and may the profits be with you! ;-))
Investra
Your likes are appreciated!
we had a proper 15% Kumo break out today and the downtrend line was broken.
As it broke by 3% we can speak of a trend change.
Let´s have a look at the indicators:
Ichi: We are above the Kumo and baseline from 1m to 30m chart, currently also moving out of the 1h cloud -> bullish green lights
DMI: shows bulls in lead, no hardcore momentum, but in lead
MACD: confirms upward movement
RSI: not in overbought territory yet
If we are moving above todays spike of 4200, we should be safe and see another bigger leg up, if it moves below the downtrendline which I am not seeing at the moment, we need to wait for new signals.
Stop loss can be in the area of the downtrendline.
Mid-term I see XLM absolutely bullish and I stick to my prediction of 1$ by mid of February latest.
Crypto will fight back the set back punches of the last days and we will all make good money. No regulation and no one can stop our movement!
Thanks for stopping by and may the profits be with you! ;-))
Investra
Your likes are appreciated!
Note
Currently developing momentum! We have small break out that could develop into a big one. Once we have passed 6000 Sats, I only can see us moving up from there.Moved out of solidly out of 5 min Kumo, that´s how the right action always starts!
Note
sorry for the last update, was on the wrong idea chart of mine (ADA) mooning
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