Are we forming Bullish Divergence?
How you doin my XLM friends. Hope you are still HODLing.
These are the levels that I found as I repeatedly checked this chart from different frames. I really like this one to moon cos I feel a strong potential.
Anyway, from the 6D frame, you can see coloured trend lines that acted as support and respected by the price action since 2018 movements.
Now price is currently at the green line and gray dotted line (Spotted some doji and other candle sh*ts here, I guess a level to break) where most of the big movements started. Although I noticed that we have a down gap on the current candle which maybe a bearish sign.
But is can be a good pattern as well cos if price will make new low, there is a potential form of bullish (if momentum bottoms don't match with price bottoms. *Fingers crossed*) regular or hidden divergence like what we had way back 2020. And that makes a healthier trend.
Right now, from the Market Cipher indicator, the price have reached the bottom of trend on multiple high frames so I expect some pump it movement baby.
We have few more hours before the 6D close. So what do you think?
:)
These are the levels that I found as I repeatedly checked this chart from different frames. I really like this one to moon cos I feel a strong potential.
Anyway, from the 6D frame, you can see coloured trend lines that acted as support and respected by the price action since 2018 movements.
Now price is currently at the green line and gray dotted line (Spotted some doji and other candle sh*ts here, I guess a level to break) where most of the big movements started. Although I noticed that we have a down gap on the current candle which maybe a bearish sign.
But is can be a good pattern as well cos if price will make new low, there is a potential form of bullish (if momentum bottoms don't match with price bottoms. *Fingers crossed*) regular or hidden divergence like what we had way back 2020. And that makes a healthier trend.
Right now, from the Market Cipher indicator, the price have reached the bottom of trend on multiple high frames so I expect some pump it movement baby.
We have few more hours before the 6D close. So what do you think?
:)
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