XLMUSD to see sideways movement(1D) | Shift from seller to buyer
Market in last 1 week
Today’s Trend analysis
Price expected to see a sideways movement as the price after riding the lower band got support from lower band and will see an upmove till midline and reject further. Most of the Oscillator indicators are neutral. MACD moving approaching the signal line from below, histogram size decreasing in the negative direction. RSI at 38, in the neutral region indicating. CCI at -63, in the neutral region with an upmove from the oversold region. Another interesting point to notice here is that the Bollinger band is expanding along with the volume observing a similar value of volume in recent candles with a slight decrease in red candles and an increase for blue ones indicating a shift from sellers to buyers.
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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 .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- XLMUSD saw a sideways movement with getting support from the lower band
- Price volatility was very high. The market moved ~10.67%, between $0.083 and $0.075
Today’s Trend analysis
- XLMUSD expected to see a sideways movement as the price after riding the lower band got support from lower band and will see an upmove till midline and reject further
- Price at time of publishing: $0.0805
- XLM’s market cap: $1.65 Billion
- Oscillator indicators are mostly neutral. RSI at 38 in the neutral region.
- Moving average indicators are mostly neutral. Ichimoku cloud indicating neutral with Hull moving average indicating a buying opportunity
- Volume indicators saw a similar value of volume in recent candles with a slight decrease in red candles and an increase for blue ones
Price expected to see a sideways movement as the price after riding the lower band got support from lower band and will see an upmove till midline and reject further. Most of the Oscillator indicators are neutral. MACD moving approaching the signal line from below, histogram size decreasing in the negative direction. RSI at 38, in the neutral region indicating. CCI at -63, in the neutral region with an upmove from the oversold region. Another interesting point to notice here is that the Bollinger band is expanding along with the volume observing a similar value of volume in recent candles with a slight decrease in red candles and an increase for blue ones indicating a shift from sellers to buyers.
----------------------------------------------------------------------------------------
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
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